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HomeFinTechDivvy Homes: Raises $110M in Series C Funding

Divvy Homes: Raises $110M in Series C Funding

Date:

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  • Divvy Homes, a San Francisco, CA-based homeownership company, raised $110m in Series C equity funding
  • The company will use the proceeds of this equity raise for further market expansion, with plans to serve more than 70M Americans in over 20 markets by the end of the year
  • Divvy supports future homeowners by purchasing a home on their behalf and renting it back to them while they build equity in the property
  • Divvy partners with customers along every step of the home buying process, with the goal of helping renters transition into homeownership
  • Buying a home with Divvy starts with a quick application that results in an approved home buying budget and an introduction to a real estate agent
  • Over the course of 2020, the company expanded operations to 16 total markets

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