Divvy Homes, a San Francisco, CA-based tech enabled real estate platform, raised $7M in funding.
The round was led by Caffeinated Capital with participation from Max Levchin’s startup studio HVF, the venture capital firm DFJ, and a credit facility.
The company will use the funds to expand operations into Cleveland and Atlanta, accelerate growth, and build out the team.
Led by Brian Ma, cofounder and CEO, Divvy operates a tech enabled homeownership platform that allows renters to build equity credits as they rent. The renter selects any home on the market, Divvy purchases it, and the renter builds equity credits in the home with every payment.