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To date, the company has raised close to $200M in total capital, with backing from GIC, Lennar, Caffeinated Capital, a16z, SciFi VC.ĭivvy partners along every step of the homebuying process, with the goal of helping renters transition into homeownership. Louis, MO and Tampa, FL with plans to roll out in more cities in the future. The best agents bring buyer leads and use Divvy as a resource to create more homeowners.ĭivvy has grown rapidly since its launch in 2017, expanding from Atlanta, GA and Cleveland, OH to Memphis, TN and now Dallas, TX St. Real estate agents can also use Divvy to grow their business, as the company partners with local agents who take renters out on the town to find their forever home. By expanding into these three cities, the Divvy program is now available to an additional 13.4 million people across the country.īased in San Francisco, Divvy is straying from the typical Silicon Valley model, instead looking beyond their own neighborhoods and needs to serve folks everyday Americans looking to access the nation's greatest wealth builder.
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Louis, and Tampa for their strong employment, housing fundamentals, and superior home quality.
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scouting out cities where Divvy's offerings could make the greatest impact, ultimately selecting Dallas, St. Last month, Hefets and her team drove across the U.S. "We're so excited to be able to give even more people the wealth-building opportunity of owning a home." "The high demand in our first few markets is proof that America is in desperate need of a new path to homeownership," said Adena Hefets, co-founder and CEO of Divvy. In just two years, the company has helped save an average of $5,000 per household, and has gotten hundreds of folks into homes in existing markets Atlanta, GA Cleveland, OH and Memphis, TN. During that time, renters build the down payment savings needed to buy it outright, while also learning the ins and outs of responsible home ownership. Divvy partners with renters on their path to homeownership by helping them find their budget for a home, buying the home they want, and then renting it back to them for three years. Divvy's recent round of funding allows them to thoughtfully expand into these new cities on its way toward its goal of creating hundreds of thousands of homeowners.ĭivvy believes in the value of homeownership, aiming to create a world where every person can own their forever home. Louis, MO and Tampa, FL can safely transition from renter to owner with Divvy's proven model. 4, 2019 /PRNewswire-PRWeb/ - Divvy Homes, a company that creates homeowners by building savings every month, today expands into three new markets.