According to published reports, Urban Compass a startup that operates an online apartment marketplace, announced it has raised $40 million in new funding. The round includes participation from Advance Publications and Salesforce CEO Marc Benioff.

Founded by Ori Allon and Robert Reffkin, Urban Compass' end-to-end technology platform enables customers to search for apartments, schedule visits, and apply for their new home, all online. Combining technology with customer-focused agents and lower brokerage fees, Urban Compass is making it easier for New Yorkers to find a great place to live.