Utah based corporate spend management company raised $165m in Series D funding from investors including Hanaco, PayPal Ventures, Whale Rock, Schonfeld, NEA, Insight Venture Partners, Acrew, and Pelion.
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Divvy raises $165m in Series D funding at a valuation of $1.6b
"With its compelling free software, Divvy is poised to become a key part of the financial nervous system for businesses," said Peter Sanborn, Vice President, head of corporate development at PayPal and managing partner of PayPal Ventures. "PayPal and Divvy share a goal of simplifying all that goes into running a business, which creates more time to focus on customers. We're thrilled to support Divvy's continued expansion."
