Thursday, January 25, 2018

Divvy Finds $7M To Help Renters Become Home Owners

San Francisco-based Divvy Homes, a startup using technology to help renters become home owners, has raised $7M in a funding round. The funding was led by Caffeinated Capital, and also included startup studio HVF (led by Max Levchin), and also included DFJ. The company said the new funding goes to expand operations into Cleveland and Atlanta. Divvy purchases homes and leases them back to renters, who slowly earn equity credits, allowing them to potentially purchase those homes in the future. Brian Ma is cofounder and CEO of Divvy.