With the new funding, the company plans to expand into four more markets and add to its 80-employee team, CEO Adena Hefets said in an interview with Crunchbase News. If a customer decides not to buy the home, they are able to cash out their savings, the company said.ĭivvy currently operates in 16 cities across the United States, including Atlanta, Dallas, Phoenix and Miami.
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Customers then rent the home, with about 25 percent of the monthly payment going toward a future down payment, according to the company.Ĭlients can build up to 10 percent of the value of the home over the course of their three-year lease, but are also free to buy the home at any point during the lease.
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The IPO market absolutely exploded in 2021.Divvy Homes, a startup that facilitates rent-to-own home purchases, said Tuesday it’s raised $110 million in a Series C round.Ĭustomers work with Divvy to find a home, and then the company purchases the home on their behalf, with the customer contributing about 1 percent to 2 percent of the home’s value. The number of initial public offerings concluded this year was the highest since 2000, and the amount of money raised totaled $142.5 billion, smashing the 2000 record total of $96.7 billion. Recall, however, that the IPO markets tanked in 2001, with just 83 companies completing their public offerings while raising $40.8 billion in fresh capital. According to IPO tracker Renaissance Capital, poor returns following the majority of 2021 IPOs yielded an average return of −10%, the worst in more than 10 years, even though first-day pops averaged nearly 31% for the 399 IPOs concluded this year. The following chart, based on Renaissance Capital data, lists the 10 largest IPOs of 2021.
The largest deal was electric maker Rivian’s $11.9 billion capital raise and the tenth largest was Playtika’s $1.9 billion deal. In addition to these traditional IPOs, cryptocurrency exchange Coinbase’s direct listing opened for trading at a valuation of just over $100 billion. Renaissance Capital reported that 604 SPAC mergers occurred this year, the highest number ever and more than double 2020’s total of 248 deals. Total capital raised came to $143.5 billion, more than the capital raised in all SPAC mergers combined since 2007. The year’s largest SPAC deal was Southeast Asia superapp Grab’s December deal that valued the company at $39.6 billion. EV maker Lucid’s SPAC deal valued the company at nearly $24 billion.įor 2022, Renaissance Capital does not expect to see the same record-breaking level of IPOs we saw in 2021. Health care IPOs are expected to remain active, as are those of tech companies. The firm cited companies like yogurt maker Chobani, Brazilian steakhouse chain Fogo and HR platform provider Justworks as top candidates.Ĭrunchbase, a pre-IPO tracker, has just released its list of 30 companies it says are its top picks for a 2022 IPO. Here’s a brief look at some of Crunchbase’s top picks in several different categories. In enterprise tech and cybersecurity, Boston-based Cybereason extended detection and response technology has become popular thanks to the work-from-home model that was forced on businesses due to the COVID-19 pandemic. The company recently raised $275 million in venture funding at a valuation of $3.1 billion. Other potential IPOs in this space include Databricks, Everlaw and Rippling.
Potential IPOs in fintech and banking include payment processor Stripe, which was last valued at $95 billion after a capital raise in March. Other solid possibilities include Sweden-based buy-now-pay-later giant Klarna and San Francisco-based Plaid that had its $5.3 billion acquisition by Visa ended when the U.S.
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