Hello, #Seattle! Compass has officially opened our doors in The Emerald City, and with experienced agents and dynamic properties, we're fueled up and ready to get to work. #compasseverywhere
Compass, a company that aims to use technology to simplify home buying and selling, is opening offices in the Seattle area.
Compass has 14 employees working out of a temporary office in Seattle, and the company is teaming up with Seattle-based brokerage Northwest Group Real Estate to offer its products to brokers. Some of its tools include real-time listing analysis capabilities and portfolio sharing solutions.
Compass competes in a crowded field of companies looking to simplify the home buying and selling processes, including Seattle heavyweights Zillow and Redfin. Compass says it has amassed a valuation in excess of $2.2 billion after raising a $550 million round late last year led by Softbank’s Vision Fund and Fidelity.
Ori Allon, Compass founder. (Compass Photo)
Compass is helmed by Founder and CEO Robert Reffkin, a former COO at Goldman Sachs. The other founder Ori Allon, spent time at Twitter and Google after selling startups to the tech giants.
New York-based Compass is in the midst of a national expansion with 60 offices in 14 cities. The company said it plans to enter at least five more U.S. markets this year and open 50 new offices in existing markets.
Compass plans to open permanent offices in Seattle and Bellevue totaling 30,000 square feet. It is hiring in the area, but not for tech workers. The company is seeking mostly marketers, designers and administrators to support agents.