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.
|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|