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September 25, 2013 04:33 pm GMT
Urban Compass, the young New York startup that emerged from stealth mode in May with a home rentals platform and accompanying hyperlocal social network, has closed a Series A round of funding totalling $20 million. The new investment values the company at what sources tell me is $150 million. With the news, Urban Compass is also announcing some extra, strategic investors in the form of Advance Publications, the parent of Conde Nast; and Marc Benioff, the founder and CEO of Salesforce.com. Existing, disclosed investors from Urban Compass's $8 million seed round, including Founders Fund, Thrive Capital, .406 Ventures, Goldman Sachs and others, also participated in the Series A.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/WI2autKbnfI/
Hyperlocal Power: Urban Compass Raises $20M At A $150M Valuation; Adds Advance Publications And Marc Benioff As Investors
Urban Compass, the young New York startup that emerged from stealth mode in May with a home rentals platform and accompanying hyperlocal social network, has closed a Series A round of funding totalling $20 million. The new investment values the company at what sources tell me is $150 million. With the news, Urban Compass is also announcing some extra, strategic investors in the form of Advance Publications, the parent of Conde Nast; and Marc Benioff, the founder and CEO of Salesforce.com. Existing, disclosed investors from Urban Compass's $8 million seed round, including Founders Fund, Thrive Capital, .406 Ventures, Goldman Sachs and others, also participated in the Series A.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/WI2autKbnfI/
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