Compass funding from left Robert Reffkin founder and CEO Maelle Gavet COO Ori Allon founder and executive chairman

Deals round-up | Compass, Techstars, Seniovo

Online residential broker Compass has raised $370m in its Series G funding round. This round included funding from Canada Pension Plan Investment Board, SoftBank Vision Fund and Dragoneer Investment Group.

Compass has raised $1.5bn since incorporation in 2012 and is now worth $6.4bn. Since its last round in October 2018, Compass has bought cloud-based software company Contactually; hired Joseph Sirosh, former CTO of AI at Microsoft and VP of advanced technology at Amazon, as chief technology officer; opened its first West Coast product and engineering campus in Seattle; and tripled the size of its product and engineering team to over 300 employees.

Compass is moving into commercial real estate and has products updates planned including a new app interface.

Seniovo Suit Showing Difficulties Older People Face, From Left Markus Michnik, CRM Developer And Jonathan Kohl, CEO

Seniovo suit showing difficulties older people face, from left Markus Michnik, CRM developer, a customer testing the suit, and Jonathan Kohl, CEO

Berlin-based tech startup Seniovo, which provides an all-in-one platform for older people to make alterations to their homes, has raised €2m in its Series A funding round.

The investment was led by PropTech1 Ventures and IBB Beteiligungsgesellschaft as the majority investors.

The startup helps people in need of care along the process of reconstructing their homes. Its online platform digitises the entire application from process to delivery and payment.

Seniovo is set to use this funding to expand into other geographical regions and launch additional products.

Techstars Team SVB Funding

Startup accelerator Techstars, announced a $42m investment led by SVB Financial Group.

SVB, the holding company of Silicon Valley Bank, was joined by existing investors such as Foundry Group.

Techstars is set to use this investment to grow Techstars Studio, which builds and launches its own companies; Techstars Ecosystem Development, which helps communities grow and maintain startups; and Techstars Talent, which lists startup jobs.

Techstars currently runs 49 accelerator programmes in 35 cities in 16 countries. It has worked with Colliers and currently runs the Colliers Accelerator. It has also worked with Arcadis on its three-month Arcadis City of 2030 Accelerator. It has also backed companies including Lane in collaboration with Colliers and invests $80m into 490 startups each year.

The accelerator, which runs programmes for property advisor Colliers among others, is also set to expand its reach in North America and Europe, and grow into Asia, Latin America, and Australia.

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