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 Divvy's funding to date?

Divvy has raised $332.2MM to date.
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When was Divvy founded?

Divvy was founded in 2016.

Divvy Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known 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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Updated on: May 23, 2024


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