Divvy Homes Raises $200M in Series D

Divvy Homes has successfully raised $200M in a Series D at a $2B valuation led by Andreessen Horowitz, GGV Capital, Moore Strategic Ventures, Caffeinated Capital, Tiger Global, GIC.

Company Overview

Divvy Homes is a PropTech company headquartered in 595 Market Street, San Francisco, CA 94105, founded in 2017 with 300+ employees.

Rent-to-own home platform

Fundraising Details

Amount Raised: $200M
Round Type: Series D
Valuation: $2B
Date: 2024-10-20
Investors: Andreessen Horowitz, GGV Capital, Moore Strategic Ventures, Caffeinated Capital, Tiger Global, GIC

About Divvy Homes

Rent-to-own home platform The company is positioned in the PropTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 595 Market Street, San Francisco, CA 94105
Founded: 2017
Team Size: 300+
Industry: PropTech

What This Means

This funding round demonstrates strong investor confidence in Divvy Homes's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The PropTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Divvy Homes's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $2B valuation marks an important milestone for Divvy Homes, positioning the company among notable players in the PropTech industry.

Looking Ahead

With this new capital, Divvy Homes is well-positioned to execute on its growth strategy and continue building innovative solutions in the PropTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-10-20. For more information about Divvy Homes, visit their headquarters at 595 Market Street, San Francisco, CA 94105.