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Utah-based Divvy Nabs $200M In New Funding Amid Growth Explosion | Deseret News

by deseretnews.com posted 3months ago 14 views
Still a bit shy of its year-and-a-half anniversary, expense management innovator Divvy has been on a scorched-earth rampage,...: LEHI — Still a few months shy of its year-and-a-half anniversary, expense management innovator Divvy has been on a scorched-earth rampage, building its client list from zero to 3,000 in that time and on Tuesday, announcing a whopping $200 million funding round. The new capital infusion is led by bi-coastal venture giant New Enterprise Associates with participation by existing investors Insight Venture Partners and Cottonwood Heights-based Pelion Venture Partners, and it's one of the biggest single-round raises ever for a Utah company.

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