Tuesday July 23, 2019

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#UrbanCompass Is NY’s Hottest VC Investment

Ori Allon

Even before its launch, investors are lining up to fund Urban Compass. The NY-based company received $8 million in seed money from Founders Fund, Goldman Sachs, Thrive Capital, American Express CEO Kenneth Chenaul and Cyrus Massoumi, CEO of ZocDoc. According to TechCrunch, not a lot is known about their business. Only Ken Howery, of Founders Fund, would say, “they are trying to disrupt a large industry.”

Urban Compass is co-founded by Ori Allon, the engineer famous for selling his earlier businesses to Google and Twitter, and Robert Reffkin, a former high-profile chief of staff at Goldman Sachs.