Divvy was founded in 2016 by Blake Murray and Alex Bean. In 2021, Divvy was acquired by Bill.com (NYSE: BILL).

Divvy is an expense management platform for businesses and corporations. Prior to its acquisition by a public company, Divvy raised more than $365 million in venture capital funding from investors including Hanaco, Schonfeld, PayPal Ventures, and Whale Rock. The company was valued at $1.6 billion after a $200 million fundraising round in early 2021.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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Learn more about Divvy

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What is the pre-IPO value of my Divvy shares?

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Is Divvy a publicly traded company?

Divvy became a public company following its M&A on 06/01/2021 and is now a publicly traded company.

To learn more about Divvy potential IPO

Will Divvy go IPO?

Divvy became a public company following its M&A on 06/01/2021.

What is Divvy’s IPO price?

The IPO price of Divvy is not currently available.

When was Divvy founded?

Divvy was founded in 2016.

What is Divvy funding to date?

Divvy has raised $332.2MM to date.

Who are Divvy’s major investors?

Divvy Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
01/05/2021 Series D $165MM $xx.xx $162.39B Acrew, Hanaco, Insight Venture Partners, New Enterprise Associates, Paypal Ventures, Pelion Venture Partners, Schonfeld, Whale Rock
Price per Share
$xx.xx
Shares Outstanding
4,062,799
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Acrew, Hanaco, Insight Venture Partners, New Enterprise Associates, Paypal Ventures, Pelion Venture Partners, Schonfeld, Whale Rock
04/30/2019 Series C $111.44MM $xx.xx $80B Acrew Capital, Insight Venture Partners, New Enterprise Associates, Pelion Venture Partners
Price per Share
$xx.xx
Shares Outstanding
5,419,684
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Acrew Capital, Insight Venture Partners, New Enterprise Associates, Pelion Venture Partners
07/24/2018 Series B $33.33MM $xx.xx $17.3B Insight Venture Partners, Pelion Venture Partners
Price per Share
$xx.xx
Shares Outstanding
5,170,117
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Insight Venture Partners, Pelion Venture Partners
05/04/2018 Series A $11.8MM $xx.xx $5.85B Album Vc, Pelion Venture Partners
Price per Share
$xx.xx
Shares Outstanding
3,699,051
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Album Vc, Pelion Venture Partners
12/13/2017 Series Seed-1 $5.15MM $xx.xx $2B Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
4,159,610
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Undisclosed Investors
12/13/2017 Series Seed-2 $5.48MM $xx.xx $2B Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
4,443,420
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Undisclosed Investors
Updated on: Nov 23, 2024

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