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Divvy, an interesting new fractional home ownership startup, just raised a Series A round led by Andreessen Horowitz

Divvy, an interesting new fractional home ownership startup, just raised a Series A round led by Andreessen Horowitz

The approach of a nearly two-year-old, 15-person San Francisco-based startup called Divvy Homes is among the more creative we’ve seen, even while we question (for now) whether it’s good for potential customers.

How it works:  in Cleveland, Atlanta, and Memphis, where Zillow estimates that median home prices are $52,000, $82,00, and $242,000, respectively, Divvy will enable a person or family to select a home they’d like to someday own, then to buy that home with Divvy’s help. The family chips in at least two percent for a downpayment. Divvy pays for the rest, then it collects a monthly amount that includes both market-rate rent and an equity payment.

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