Robert Reffkin, Co-Founder and CEO, said expanding its property offerings to San Francisco was part of its strategy to bring a more sophisticated real estate experience through the country's leading agents and proprietary technology to Bay Area customers.
"San Francisco is one of the most sought-after locales in the world, and we are extremely proud to start our journey here with such a tremendous team of talented real estate professionals," he said.
Reffkin said Compass was the first residential real estate services company to launch an agent-only mobile app to increase agent productivity. He said the recent launch of Compass Markets, a real time market report via a mobile app, has been well-received.
Co-Founder and Chief Executive Ori Allon said Compass has a team of more than 50 in-house engineers who have developed disruptive agent-facing and consumer-facing that provide up-to-the minute housing data applications.
"Now that Compass has a footprint in one of the world's leading tech hubs, I am confident that we will achieve even greater success building a more transparent and efficient real estate experience for agents and consumers,” he said.
“San Francisco is truly the crossroads of innovation and we are thrilled to be here. We are the only technology-focused company in the real estate industry that wishes to empower human beings, not replace them."
Compass recently scored a US$75 million funding round led by Wellington Management, IVP, Founders Fund and Thrive Capital, bringing the total amount raised to $210 million and a valuation of $1 billion.