Divvy, which facilitates the progressive purchase of a home by using part of the rent for a future down payment, raised $43m in a series B round co-led by Lennar.

Lennar Ventures, the corporate venturing arm of home builder Lennar, co-led a $34m series B round for US-based real estate financing service Divvy Homes with Singaporean sovereign wealth fund GIC yesterday.

Venture capital firms Andreessen Horowitz and Caffeinated Capital also contributed to the round, as did individual investor Max Levchin.

Divvy, set up by Levchin’s HVF Labs startup studio, purchases a chosen home on behalf of its tenant and puts approximately 25% of their monthly rent towards a future down…

Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.