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Urban Compass raises $20m Series A from new and existing backers

26 Sep 2013

new york 5_sqNew York-based startup Urban Compass, a technology company that helps people search for apartments, has raised a $20m Series A round from new and existing backers.

The round, which took the company’s fundraising total to $28m, was supported by Advance Publications, Founders Fund, Thrive Capital, .406 Ventures and Salesforce.com founder and CEO Marc Benioff.

Urban Compass said the funds will enable it to meet increasing customer demand and scale the business.

The company’s executive chairman Ori Allon said, “Since launching, we’ve successfully executed on our initial vision by bringing our technology and customer service together to help New Yorkers find a new home. We are thrilled to partner with a group of new and existing investors and look forward to continuing to innovate and expand our platform.”

In June this year Thrive Capital backed a $35m Series C round for ResearchGate, which was also backed by Microsoft founder Bill Gates.

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