San Francisco based real estate startup expanding the rent-to-own concept for prospective homebuyers raised $110m in Series C funding led by Tiger Global Management.
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Divvy Homes raises $110m in Series C funding
Divvy says it financed five times the number of home sales last year compared to before the COVID-19 pandemic. Residential home sales in general have been on the rise since the COVID-19 pandemic sparked the work-from-home era and interest rates remain low. Existing home sales in 2020 were the highest they’d been since 2006, according to the National Association of Realtors, and home sales in total rose more than 22 percent year-over-year.
