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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Divvy Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
1/5/2021 Series D $165MM raised $XXX.XX $XXX.XX
4/30/2019 Series C $111.44MM raised $XXX.XX $XXX.XX
7/24/2018 Series B $33.33MM raised $XXX.XX $XXX.XX
5/4/2018 Series A $11.8MM raised $XXX.XX $XXX.XX
12/13/2017 Series Seed-1 and Seed-2 $10.63MM raised $XXX.XX $XXX.XX
Based on primary financings
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What is Divvy funding to date?

Divvy has raised $332.2MM with the following series:
$10.63MM raised for Series Seed-1 and Seed-2,$11.8MM raised for Series A,$33.33MM raised for Series B,$111.44MM raised for Series C,$165MM raised for Series D.
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When was Divvy founded?

Divvy was founded in 2016.