Divvy: Rent-to-Own House Service

8/31/2021 07:23:00 PM

Post-Lease Home Buying Service Provider – Attracted $110 Million Investment

Divvy Homes is a tech-enabled real estate platform that facilitates rent-to-own home purchases.

When the user selects a house within the approved amount, Divvy buys the house, and the user can rent the house for up to 3 years before buying the house they want.

About 25% of the rent paid by the user during the rental period of the house can be used as an asset at the time of purchase, and cash refund if the user does not want to purchase.

Divvy

Its platform selects any home on the market and buys it for the renter who in turn makes down payments and gets a jump start on owning a house, enabling customers to close the housing affordability gap. The company was founded in 2017 and is headquartered in San Francisco, California.

General Information

Headquarters : San Francisco, CA
Founders : Adena Hefets, Alex Klarfeld,
Brian Ma, Nicholas Clark
Categories : Financial Services, Real Estate, Rental Property
Founded : 2017
Contact : support@divvyhomes.com

Funding

Investors : Andreessen Horowitz, GGV Capital, Jaws Ventures, Moore Capital, Tiger Global Management
Funding Rounds (5) - $290M
Feb 2, 2021 Series C / $110M
Sep 25, 2019 Series B / $43M
Oct 9, 2018 Debt Financing / $120M
Oct 9, 2018 Series A / $10M
Jan 25, 2018 Seed Round / $7M