Divvy Homes: Company Profile & Valuation

Divvy Homes is a San Francisco rent-to-own real estate company founded in 2017 by Adena Hefets, whose own parents were once turned down for a mortgage and later bought their first home through an owner's flexible financing. Divvy buys homes on behalf of customers who don't qualify for a traditional mortgage, then leases them back with an option to purchase later, using a resident portal to manage home upkeep and savings toward the purchase. The company points to data showing home prices have risen 7.6 times faster than income since 1965 and that the average American spends $200,000 on rent over a lifetime, and it has grown to more than 250 employees.

Divvy Homes has raised funding from Tiger Global Management, Andreessen Horowitz, GGV Capital and Caffeinated Capital, including a $200 million Series D round, and has been valued at $2 billion.

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Divvy Homes.

Often trade at a premium or discount to NAV.

Platforms match existing holders with buyers. Divvy Homes availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Valuations, rounds and IPO status for every company in the directory — Divvy Homes included.

The last valuation is $2B.

Lead investors for each round are in the funding timeline.

The closest real estate fintech (rent-to-own) peers are on the competitors page.

The routes section explains what is realistically available for a company at this stage.