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Divvy Homes

Divvy Homes

A company that operates in the field of real estate and mortgages. It was founded in 2017 and is located in San Francisco, California.

Divvy Homes is a San Francisco-based start up specializing in creating services that aid customers who are seeking home ownership by providing financial options. Both home buyers and agents can work with the company.

Product

Potential homeowners can complete an application on the Divvy Homes website and once they are approved, they will be given a budget for a home. The company pays for the home that the customer selects and the customer provides a down payment of 1-2%. The customers can then move into the home and save money towards a mortgage while paying rent or choose to move and cash out savings that accrued while paying rent.

Timeline

August 13, 2021
Divvy Homes raises $200M in Series D funding round led by Tiger Global Management and Caffeinated Capital, with participation from existing investors including Andreessen Horowitz, GGV Capital, GIC and Moore Specialty Credit.
August 2021
Divvy Homes raises a $200,000,000 series D round from Andreessen Horowitz, Caffeinated Capital, GGV Capital, GIC Private Limited, Moore Capital and Tiger Global Management.
February 2, 2021
Divvy Homes raises a $110,000,000 series C round from GGV Capital, Jaws Ventures, Moore Specialty Credit and Tiger Global Management.
September 2019
Divvy Homes raises a $43,000,000 series B round from Andreessen Horowitz, Caffeinated Capital, GIC Private Limited, Lennar Corporation and Max Levchin.
October 2018
Divvy Homes raises a $30,000,000 series A round from Andreessen Horowitz, Caffeinated Capital, DFJ and The a16z Cultural Leadership Fund.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

Divvy Homes Raises $43M Series B To Help Renters Become...

Mary Ann Azevedo

Web

September 25, 2019

News

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Title
Author
Date
Publisher
Description
Crunchbase News
August 13, 2021
Crunchbase News
Divvy's aim is to make homeownership more accessible via a rent-to-own model. Its latest funding comes just six months after it raised a $110 million Series C funding.
Anthony Ha
February 2, 2021
TechCrunch
The Bezos era is ending, Uber acquires Drizly and Tesla recalls 135,000 vehicles. This is your Daily Crunch for February 2, 2021. The big story: Jeff Bezos will step down as Amazon CEO Amazon announced today that founder Jeff Bezos will be transitioning from CEO to executive chair in the third quarter of this year. [...]
Sophia Kunthara
February 2, 2021
Crunchbase News
Divvy currently operates in 16 cities across the United States, including Atlanta, Dallas, Phoenix, and Miami.
Mary Ann Azevedo
February 2, 2021
TechCrunch
Despite all the headaches that come with it, homeownership is still the American dream for many. Divvy Homes - a startup that is out to help more people realize that dream by buying a house and renting it back to them while they build equity - has just closed on $110 million in Series C [...]
Alex Nicoll
February 2, 2021
Business Insider
The company, which purchases homes on behalf of people who rent before they buy, cashed in as the pandemic pushed people to single-family properties.
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References

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