The Lennar Ventures-backed homebuying programme operator secured its latest funding from multiple returning investors, six months after its series C round.

Divvy Homes, a US-based rent-to-buy-property service backed by homebuilder Lennar, secured $200m in series D funding on Friday that lifted the company’s valuation to about $2bn.

Investment firm Tiger Global Management and venture capital firm Caffeinated Capital co-led the round, which included Andreessen Horowitz, GGV Capital, GIC and Moore Specialty Credit.

Incubated by financial technology-focused startup studio HVF Labs in 2017, Divvy buys homes on behalf of approved customers and charges them up to 2% of the property cost as…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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