Divvy - About the company
Divvy is a series D company based in San Francisco (United States), founded in 2017 by Brian Ma, , , and . It operates as an Online platform for rent-to-buy solutions for residential properties. Divvy has raised $1.2B in funding from investors like Tiger Global Management, Caffeinated Capital and a16z, with a current valuation of $2B. The company has 122 active competitors, including 7 funded and 2 that have exited. Its top competitors include companies like Landis, Home Partners of America and ZeroDown.
Sectors and market segments that Divvy operate in
Divvy serves in the B2C space in the Real Estate and Construction Tech, FinTech market segments.The primary business model of Divvy are:Company Details
Online platform for rent-to-buy solutions for residential properties. The company buys a property chosen by the users and offers it to the users on lease for a yearly period. To convert the lease into ownership, enables users to make a monthly payment and can be used as the down payment for the property. Additionally, if users decide not to buy the house in the end they get back their monthly home equity investments from the company.
- Website
- Social
- Email ID
- @divvyhomes.com
- Phone Number
- +1
Key Metrics
Founded Year
2017
Location
San Francisco, United States
Stage
Series D
Total Funding
in 7 rounds
Latest Funding Round
Post Money Valuation
as on Aug 16, 2021
Investors
Ranked
1st among 122 active competitors
Employee Count
as on Dec 31, 2022
Similar Companies
Landis &
Legal entities associated with Divvy
Divvy is associated with 3 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Jan 14, 2020 | - | 892 | 519 | |
Jan 14, 2020 | - | 770 | 354 | |
Jun 19, 2017 | - | 890 | 482 |
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Divvy's funding and investors
Divvy has raised a total funding of $1.2B over 7 rounds. Its first funding round was on Jan 25, 2018. Its latest funding round was a Series D round on Aug 13, 2021 for $200M. 5 investors participated in its latest round, lead by Tiger Global Management and Caffeinated Capital.
Divvy has 14 institutional investors including Tiger Global Management, Caffeinated Capital and a16z. Max Levchin is only Angel Investor 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 |
|---|---|---|---|---|---|
Aug 13, 2021 | $200M | Series D | $2B | - | |
Feb 02, 2021 | $110M | Series C | - | - | |
Sep 25, 2019 | $43M | Series B | - | - |
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Divvy's valuation details
Divvy is valued at $2B as per the latest available filings.Divvy's founders and board of directors
The founders of Divvy are Brian Ma, , , and . and Brian Ma are the CEO of Divvy. has founded 1 more company - Supergood. Brian Ma has founded 1 more company - Iterative.
View details of Divvy's Founder profiles and Board Members
Divvy's Competitors and alternates
Top competitors of Divvy include Landis, Home Partners of America and ZeroDown. 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 | Divvy 2017, San Francisco (United States), Series D | Online platform for rent-to-buy solutions for residential properties | $1.2B | 68/100 | |
2nd | _1569415548623.png?height=40&width=40){kind=logo} Landis 2018, New York City (United States), Series B | Provider of a rent-to-buy platform for residential properties | $207M | Google Ventures, Sequoia CapitalÌý&²¹³¾±è;Ìý | 65/100 |
3rd | Home Partners of America 2012, Chicago (United States), Acquired | Property management solution provider to residential real estate industry in the United States | $768M | 57/100 | |
4th | ZeroDown 2018, San Francisco (United States), Series A | Provider of a listing platform to buy rent-to-buy properties | $30M | Credit Suisse, Spectra InvestmentsÌý&²¹³¾±è;Ìý | 57/100 |
5th |  Acre Homes 2021, Raleigh (United States), Seed | Online rent-to-buy platform for residential mortgage | $10M | Studio VC, Sovereign's CapitalÌý&²¹³¾±è;Ìý | 51/100 |
6th |  Up&Up 2017, New York City (United States), Series B | Reseller of homes and rental services | $275M | Goldman Sachs, Khosla VenturesÌý&²¹³¾±è;Ìý | 48/100 |
7th |  Rook 2021, Boulder (United States), Acquired | Online rent-to-buy platform for residential properties | $4.1M | Service Provider Capital, LL FundsÌý&²¹³¾±è;Ìý | 41/100 |
8th | OWNR 2017, San Francisco (United States), Series B | Provider of an online rent to buy solution for residential properties | $19.1M | Firestartr, Atlantic LabsÌý&²¹³¾±è;Ìý | 33/100 |
9th |  HALO 2016, Essex (United States), Series D | Provides rent to own solutions to users | $450M | - | 27/100 |
10th |  Social Equity 2020, Raleigh (United States), Funding Raised | Online program to buy real estate | - | 19/100 |
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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
Media has covered Divvy for a total of 3 events in the last 1 year, 1 of them has been about company updates.
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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 2017.Where is Divvy located?
Divvy is located in San Francisco, United States.Is Divvy a funded company?
Divvy is a funded company, its first funding round was on Jan 25, 2018.When was the latest funding round of Divvy?
Divvy's latest funding round was on Aug 13, 2021.How much is Divvy worth?
The latest valuation of Divvy is $2B as on Aug 16, 2021.What is the annual revenue of Divvy?
Annual revenue of Divvy is undefined as on undefined.Is Divvy a Residential Real Estate Tech company?
The primary sectors of Divvy are Residential Real Estate Tech and Alternative Lending.Our Lite Plan Awaits you - Its Free!
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