The firm witnessed nearly 500% increase in monthly sign-ups since March 2020. We’re fortunate to be able to build for companies of all sizes, and we’re grateful to everyone who has helped us get here,” said Blake Murray, CEO of Divvy.ĭivvy’s simplified process and cost saving benefits are vital for Main Street businesses that are navigating through the challenges and opportunities brought on by the COVID-19 pandemic. Divvy 165m software#We’re not just building for tech startups-we help businesses across the country by providing the capital and financial software they need to thrive. “The best in every vertical choose Divvy. The firm is being chosen by a rapidly growing number of businesses including tech companies like Noom, e-commerce merchants like Solo Stove and Rhone, vision care leaders like EyeCare Partners and iconic sports franchises like the Utah Jazz and the Atlanta Dream. The investment round saw participation from new investors Hanaco, PayPal Ventures, Whale Rock, Schonfeld, and previous backers NEA, Insight Venture Partners, Acrew, and Pelion.ĭivvy’s centralized platform combines seamless expense management software with corporate credit cards to assist businesses in managing their spend with real-time visibility and control over their budgets. The new investment raised Divvy to a valuation of $1.6 bn joining it to the list of Utah tech unicorns. Divvy, a leader in spend management, has announced securing $165 mn in Series D funding round.
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