Divvy Homes secures $110M Series C to help renters become homeowners

Despite all the headaches that come with it, homeownership is still the American dream for many.
Divvy Homes – a startup that is out to help more people realize that dream by buying a house and renting it back to them while they build equity – has just closed on $110 million in Series C funding. Tiger Global Management led the round, which also saw participation from a slew of other investors including GGV Capital, Moore Specialty Credit, JAWS Ventures, and existing backers such as a16z. The latest financing brings Divvy’s total debt and equity raised since its 2017 inception to over $500 million with about one-third of that raised in equity and two-thirds in debt.
The startup last raised $43 million in Series B funding from the likes of Affirm CEO Max Levchin and homebuilder Lennar (via its venture arm), among others. In fact, Divvy – which was co-founded by Adena Hefets, Nick Clark and Alex Klarfeld.  – was incubated in Levchin’s startup studio HVF.
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