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Divvy raises $165 million at a $1.6 billion valuation

Jan 05, 2021•over 4 years ago

Amount Raised

$165 Million

Draper

Description

 Divvy, a leader in spend management, today announced a $165 million funding round at a valuation of $1.6 billion. The Series D investment includes new investors Hanaco, PayPal Ventures, Whale Rock, Schonfeld, and participation from previous backers NEA, Insight Venture Partners, Acrew, and Pelion.

Company Information

Company

Divvy

Location

Draper, Utah, United States

About

Divvy modernizes finance for business by combining expense management software and smart corporate cards into a single platform. With Divvy, finance leaders get real-time visibility into their company spend and flexible controls that prevent teams from ever going over budget. By providing the capital and financial software they need, Divvy helps businesses in every industry to thrive. Learn more at getdivvy.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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