Divvy built a spend-management platform combining expense-management software with smart corporate credit cards for small and mid-sized businesses. Founded in 2016 in Utah by Blake Murray and Alex Bean, it grew into a unicorn before being acquired by Bill.com in June 2021 for approximately $2.5 billion. The product has since been rebranded and integrated as 'BILL Spend & Expense.'
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2016
Employees
1,001–5,000
Total Funding
$417.5M
5 rounds
Latest Valuation
$1.6B
Jan 12, 2021
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $417.5M across 5 rounds
Last updated 09-08-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Jan 12, 2021 | Series D Press release | $165M | $1.6B | Hanaco Ventures |
| Dec 1, 2019 | Series C | $200M | — | NEA |
| Jul 1, 2018 | Series B | $35M | — | Insight Venture Partners |
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