Kristen Ankerbrandt to Join Compass as Chief Financial Officer
Following $400m Series F, Real Estate Technology Firm Appoints Carlyle Group Technology Leader to Oversee Acquisition Strategy and Accelerate Growth.
NEW YORK, Nov. 19, 2018 /PRNewswire/ -- Compass, a real estate technology company, today announced that Kristen Ankerbrandt will join as Chief Financial Officer. Ankerbrandt will accelerate the firm's financial strategy and oversee all financial functions, including acquisitions and investor relations, as well as new development and legal. Ankerbrandt will start on November 26th and report into Founder and Chief Executive Officer Robert Reffkin.
Ankerbrandt's hire follows Compass' impressive $400 million Series F funding round and several other executive hires in 2018, including Chief Marketing Officer Khurrum Malik from Spotify, Chief Revenue Officer Matt Rosenberg from Eventbrite and Chief Sales Strategy Officer Michael Coscetta from Square.
Year to date, the firm has closed significant acquisitions, including Pacific Union, Paragon Real Estate Group, and the product and engineering team of Spring; launched in Houston, Nashville, Austin, Atlanta, Philadelphia, Seattle and San Diego; added more than 5,500 agents; and opened more than 100 new offices in over 80 cities across the United States. Compass is on track to grow revenue by almost 200% this year.
"Kristen is an inspirational leader with deep expertise in the technology sector," said Compass Founder and CEO Robert Reffkin. "Her experience growing investments in fast-growing technology companies will power Compass' next stage of hypergrowth as we capitalize on our Series F funding and expand internationally."
"Compass was founded on a commitment to revolutionize the real estate industry by empowering agents through technology," said incoming Compass CFO Kristen Ankerbrandt. "I'm thrilled to join Compass, one of the few companies in the world that has been able to achieve triple digit growth on top of 9 figure revenue, to drive continued growth through innovation for agents and their clients."
In just over six years, Compass has launched in more than 80 cities, opened nearly 200 offices and increased its agent population to more than 7,000.
Ankerbrandt has nearly 20 years of global experience across the technology and media and Telecommunications sectors with deep industry expertise in software and tech-enabled services. Most recently at The Carlyle Group, Kristen led technology investments for Carlyle's $18.5 billion fund, and oversaw the firm's multi-billion dollar investments in a number of premier technology companies around the world.
Prior to Carlyle, Kristen worked at Goldman Sachs in the Investment Banking Division where she focused on technology, media and communications transactions. Kristen holds a BA in Economics from Columbia University and an MBA from Harvard Business School.
Compass is a real estate technology company with a powerful end-to-end platform that supports the entire buying and selling workflow. We deliver an incomparable experience to both agents and their clients all in service of the Compass mission: to help everyone find their place in the world.
Founded in 2012 by Ori Allon and Robert Reffkin, Compass operates in cities across the United States including: New York, Los Angeles, Chicago, San Francisco, Seattle, Philadelphia, San Diego, Washington, D.C., Dallas, Austin, Houston, Nashville, Atlanta, Boston, Miami, Aspen, Orange County, Westchester, Santa Barbara, Montecito, Marin, Greenwich, Naples, Tahoe, Telluride and The Hamptons. Learn more and find your place at compass.com/careers and agents.compass.com.