Compass is an American licensed real estate broker that utilizes the Internet as a marketing medium with the use of real estate technology. Compass employs more than 10,000 agents who earn a percentage of the selling price and give 15 to 30 percent on each sale to Compass. Compass specializes in high-margin, luxury homes in upscale markets. Founded in 2012, the company is headquartered in New York City. The company provides software to real estate agents. Compass is the first company to have built a proprietary mobile app for real estate agents. In September 2018, the company had a valuation of US$4.4 billion. Compass operates in 20 U.S. markets including New York, Philadelphia, Boston, Washington D.C., Dallas, South Florida, San Francisco, Chicago, Los Angeles, Aspen, The Hamptons, Santa Barbara and Newport Beach. Compass has raised a total of US$1.5 billion from investors such as Founders Fund, Wellington Management and Institutional Venture Partners, Fidelity Investments, Dragoneer Investment Group, Canada Pension Plan Investment Board and Softbank Vision Fund. Compass was named Mid-Sized Business of the Year by the Manhattan Chamber of Commerce in 2015. Compass was named to Crain's Fast 50, Inc. 5000, and Glassdoor's Best Places to Work in 2018. Compass received a Webby Award for Best Real Estate Website, and was named to Fast Company's Best Workplaces for Innovators in 2019. Compass won the 2020 Webby People’s Voice Award for Real Estate in the category Web.