Divvy - About the company
Divvy is an acquired company based in Lehi (United States), founded in 2016 by and Blake Murray. It operates as a Spend management solutions for businesses. Divvy has raised $448M in funding from investors like PayPal, Insight Partners and a16z, with last known valuation of $1.6B. The company has 397 active competitors, including 74 funded and 61 that have exited. Its top competitors include companies like Ramp, Navan and Brex.
Sectors and market segments that Divvy operate in
Divvy serves in the B2B, SaaS space in the FinTech, Travel and Hospitality Tech market segments.The primary business model of Divvy are:Company Details
Cloud-based spend management solutions for businesses. Its features include expense tracking, digitizing receipts, real-time transaction information, sends & requests funds for cards, and virtual cards. It also provides travel management solutions.
- Website
- Social
- Email ID
- @getdivvy.com
- Phone Number
- +1
Key Metrics
Founded Year
2016
Location
Lehi, United States
Stage
Acquired
Total Funding
in 8 rounds
Latest Funding Round
Last Known Valuation
as on Jan 05, 2021
Investors
Ranked
11th among 397 active competitors
Employee Count
as on Dec 31, 2022
Similar Companies
Ramp &
Exit Details
Acquired by Bill.com (May 06, 2021)
Legal entities associated with Divvy
Divvy is associated with 1 legal entity given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Dec 31, 1999 | - | 673 | 856 |
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Divvy's acquisition details
Divvy got acquired by Bill.com on May 06, 2021 at an acquisition amount of $2.5B. It was facilitated by Goldman Sachs, FT Partners, Fenwick & West and .
Click to take a look at Divvy's acquisition in detail
Divvy's funding and investors
Divvy has raised a total funding of $448M over 8 rounds. Its first funding round was on Dec 13, 2017. Its latest funding round was a Series D round on Jan 05, 2021 for $165M. 8 investors participated in its latest round, lead by PayPal, Hanaco Ventures, Whale Rock Capital Management and Schonfeld.
Divvy has 20 institutional investors including PayPal, Insight Partners and a16z. There are 4 Angel Investors in Divvy.
Here is the list of recent funding rounds of Divvy:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jan 05, 2021 | $165M | Series D | $1.6B | - | |
Apr 30, 2019 | $200M | Series C | - | - | |
Jan 18, 2019 | $250M | Conventional Debt | - | - |
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Divvy's founders and board of directors
The founders of Divvy are and Blake Murray. Blake Murray is the CEO of Divvy. has founded 1 more company - Tandem Ventures.
View details of Divvy's Founder profiles and Board Members
Divvy's employee count trend
Divvy has 377 employees as of Dec 22. The total employee count is 16.7% more than what it was in Dec 21. Here is Divvy's employee count trend over the years:
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Top competitors of Divvy include Ramp, Navan and Brex. Here is the list of Top 10 competitors of Divvy, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st |  Ramp 2019, New York City (United States), Series D | Provider of a spend management and accounts payable solutions | $1.41B | General Catalyst, Sequoia CapitalÌý&²¹³¾±è;Ìý | 84/100 |
2nd |  Navan 2015, Palo Alto (United States), Series G | SaaS-based corporate travel and expense management solution for businesses | $1.28B | Group 11, Goldman SachsÌý&²¹³¾±è;Ìý | 83/100 |
3rd | Brex 2017, Draper (United States), Series D | SaaS-driven credit card and spend management solutions platform for businesses | $1.2B | American Express, Ìý&²¹³¾±è;Ìý | 83/100 |
4th | Provider of prepaid cards for financial benefits of employees | $304M | Eight Roads Ventures, TechmindÌý&²¹³¾±è;Ìý | 74/100 | |
5th | SaaS-based provider of expense management solutions for business travel | $434M | , Montreal FinTech StationÌý&²¹³¾±è;Ìý | 70/100 | |
6th | Concur 1988, Bellevue (United States), Acquired | SaaS-driven corporate travel expense & invoice management solution | - | American Express, Credit SuisseÌý&²¹³¾±è;Ìý | 75/100 |
7th |  Emburse 2002, San Francisco (United States), Acquired | Corporate card and expense management platform for businesses | $1.62M | General Catalyst, Ìý&²¹³¾±è;Ìý | 71/100 |
8th | Cloud-driven expense management solutions for business travelers | $15.4M | Pravega Ventures, FreshworksÌý&²¹³¾±è;Ìý | 70/100 | |
9th | Airbase 2017, San Francisco (United States), Acquired | Procure to pay management software for businesses | $91M | Goldman Sachs, Alumni VenturesÌý&²¹³¾±è;Ìý | 69/100 |
10th | Certify 2008, Portland (United States), Acquired | Travel & Expense Management Software | $2.53M | , Palm VenturesÌý&²¹³¾±è;Ìý | 69/100 |
11th |  2016, Lehi (United States), Acquired | Spend management solutions for businesses | $448M | New Enterprise Associates, Acrew CapitalÌý&²¹³¾±è;Ìý | 68/100 |
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Divvy's Investments and acquisitions
Divvy has made no investments or acquisitions yet.
Reports related to Divvy
Here is the latest report on Divvy's sector:
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News related to Divvy
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AIM Group•Sep 28, 2022•Divvy
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AIM Group•Aug 16, 2021•Divvy
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GlobeNewswire•Jun 23, 2021•Divvy,
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Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Frequently asked questions about Divvy
When was Divvy founded?
Divvy was founded in 2016.Where is Divvy located?
Divvy is located in Lehi, United States.Is Divvy an acquired company?
Divvy got acquired by Bill.com on May 06, 2021.When was the latest funding round of Divvy?
Divvy's latest funding round was on Jan 05, 2021.How much is Divvy worth?
The last known valuation of Divvy was $1.6B as on Jan 05, 2021.What is the annual revenue of Divvy?
Annual revenue of Divvy is undefined as on undefined.Is Divvy a Finance & Accounting Tech company?
The primary sectors of Divvy are Finance & Accounting Tech and Online Travel.Our Lite Plan Awaits you - Its Free!
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