Just six months after announcing its Series C, Divvy Homes has completed a $200 million Series D equity financing that further extends Divvy Homes’ position as a market leader in the proptech industry.
Divvy Homes’ accelerating growth – with more closed homes in 2021 than cumulative closings since its founding in 2017 – caught the attention of its lead investors, who preempted the Series D and valued Divvy Homes at approximately $2B.
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Led by Tiger Global Management and Caffeinated Capital, with participation from existing investors including Andreessen Horowitz, GGV Capital, GIC, and Moore Specialty Credit, the round allows Divvy Homes to provide Americans with unprecedented access to the country’s primary wealth-builder: homeownership.
“Over the next 10 years, we believe Divvy Homes has the potential to help more than one hundred thousand families become financially responsible homeowners,” says Scott Shleifer, Partner, Tiger Global. “It’s clear that Divvy Homes is leading the creation of a new category that redefines the way Americans access homeownership. This latest round creates the runway for Divvy Homes to expand its footprint and drive continued growth.”
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