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Divvy Homes Closes $200 Million Series D to Broaden Access to Homeownership
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Divvy Homes Closes $200 Million Series D to Broaden Access to Homeownership
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Divvy Homes Raises $110 Million Series C Funding
February 3, 2021 @ 9:51 am By JD Alois
Divvy Homes, a Proptech that seeks to make homeownership more attainable with flexible ownership, has announced a $110 million Series C equity funding round. The funding was led by
Tiger Global Management, with participation from GGV Capital, Moore Specialty Credit, JAWS Ventures, and existing investors, the round brings the total debt and equity capital Divvy Homes has raised to over $500 million.
Divvy purchases homes on behalf of prospective owners and then rents the property back to them. Over time, individuals build equity in the property as Divvy offers a bridge from renting to owning that seeks to enable the average American household to build towards homeownership in a more affordable and flexible manner.
Divvy Homes secures $110M Series C to help renters become homeowners
Despite all the headaches that come with it, homeownership is still the American dream for many.
Divvy Homes a startup that is out to help more people realize that dream by buying a house and renting it back to them while they build equity has just closed on $110 million in Series C funding. Tiger Global Management led the round, which also saw participation from a slew of other investors, including GGV Capital, Moore Specialty Credit, JAWS Ventures and existing backers such as a16z. The latest financing brings Divvy’s total debt and equity raised since its 2017 inception to over $500 million, with about one-third of that raised in equity and two-thirds in debt.
Divvy Homes Raises $110M Series C to Offer Americans a New Pathway to Homeownership
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Leading real estate tech company addresses the housing affordability crisis across the U.S. with a flexible homeownership model.
Divvy Homes raises $110M in Series C to ensure millions of Americans can access the country s primary wealth-builder: homeownership SAN FRANCISCO (PRWEB) February 02, 2021
Divvy Homes announced a $110 million Series C equity funding round to ensure millions of Americans can access the country s primary wealth-builder: homeownership. Led by Tiger Global Management, with participation from GGV Capital, Moore Specialty Credit, JAWS Ventures, and existing investors, the round brings the total debt and equity capital Divvy Homes has raised to over $500 million.
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