About

Founded

2017

Headquarters

San Francisco, California

Industry

Real Estate

Company Description

At Divvy, we empower renters to become homeowners. We’re in the business of financial equality. Divvy represents an entirely new way to think about homeownership in America –– re-igniting the dream of homeownership and providing a real wealth-building opportunity along the way.

Quick Links

Website Jobs

Funding

Total Raised

$465 million

Valuation

$2 billion

Significant Investors

Andreessen Horowitz, GGV Capital, GIC, Caffeinated Capital, Tiger Global Management

Company Traction

Between January 2020 and August 2021, Divvy Homes’ market share doubled.

As of August 2021, more than 25,000 real estate agents work with Divvy Homes, an increase of 3x over the past year.

Between February 2021 and August 2021, Divvy Homes’ cumulative qualified applicants and monthly home closes increased by over 3x.

As of August 2021, Divvy Homes operates in 16 markets.

Leadership Team

Adena Hefets: Co-Founder & CEO of Divvy Homes. Former Product Manager & Financing Lead, Square Capital at Square.

Nicholas Clark: Co-Founder & CTO of Divvy Homes. Former CTO at DoubleDutch.

John Lee: COO at Divvy Homes. Former Managing Director, Private Equity at Blackstone.

Lucia Franzese: CRO at Divvy Homes. Former Senior Director, Retail Lending at Aura.

Thomas Egan: CFO & Head of Capital Markets at Divvy Homes. Former Managing Director at Fitch Ratings.

Press

HousingWire (February 17, 2023): Divvy Homes reportedly makes another round of layoffs

Fast Company (October 24, 2022): How rent-to-own startup Divvy Homes puts customers at risk

The Real Deal (September 28, 2022): Divvy Homes cuts 12% of staff

Crunchbase News (August 13, 2021): Rent-To-Own Startup Divvy Homes Raises Fresh $200M Six Months After Previous Funding

Divvy Homes