Residential

Softbank invests $450 million in real estate tech company Compass

Real estate technology firm Compass announced on Thursday it’s getting an investment of $450 million from the SoftBank Vision Fund.

The infusion from the $93 billion venture vehicle — whose backers include the Japanese conglomerate SoftBank and Saudi Arabia’s sovereign wealth fund — brings Compass’ total capital raise to $775 million.

Other Compass investors include Goldman Sachs, outgoing American Express CEO Ken Chenault, Salesforce CEO Marc Benioff, and major property developer The LeFrak Organization, run by billionaire Richard LeFrak.

Read Article at CNBC.com

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