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Tech Startup or Real-Estate Broker? Fidelity Values Compass at $2 Billion

By Tony Seruga

The business depends on old-fashioned realty agents but hopes software can make it stand out.

A New York startup called Compass is persuading investors that it can reshape the home-buying process through the use of technology. A dashboard showing neighborhood data and a Pinterest-like app for organizing home listings would make real-estate agents more productive and therefore, more profitable, the company says. The pitch caught the attention of Fidelity Investments, which made a rare bet on a private company, valuing the business at $1.8 billion, Compass said on Wednesday…

Tech Startup or Real-Estate Broker? Fidelity Values Compass at $2 Billion

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