Divvy

Divvy has secured $448 million in total funding, rapidly scaling to unicorn status with a $165M Series D round in January 2021, valuing the company at $1.6 billion. The company’s major backers include PayPal Ventures, NEA, Insight Partners, Hanaco Ventures, Whale Rock, and Schonfeld, contributing heavily across Series B, C, and D rounds. Earlier funding from Pelion Venture Partners and initial seed capital helped build out Divvy’s spend management platform. This funding momentum eventually led to Divvy’s acquisition, solidifying its position as a leading cloud-based spend management solution.