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 |
