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Utah’s Divvy gets $35 million for its free, real-time expense platform

July 24, 2018 /

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Expense software startup Divvy today announced that it has raised a $35 million round led by New York-based private equity and venture capital firm Insight Venture Partners. That brings the total amount of funding raised for the Lehi, Utah-based startup to $57 million.

The fresh injection of capital is notable given that Divvy launched its first product out of beta just six months ago. There aren’t many startups in Utah that have raised this amount of money so shortly after launching. For reference, Podium, another Lehi-based B2B startup, raised a $32 million round of capital after about three years in business.

Anna Hensel@ahhensel

https://venturebeat.com/2018/07/24/utahs-divvy-gets-35-million-for-its-free-real-time-expense-platform/

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