NEA led a $200m funding round in Divvy.

NEA, an American-based venture capital firm, led a $200m funding round in Divvy, a modern payment and expense management platform for business. Other investors include Pelion Venture Partners and Insight Venture Partners. "We are thrilled to support Divvy in their mission to modernize the way businesses handle money. In only a year in a half, Divvy has established itself as one of the fastest growing fintech companies we've ever seen. The company's unprecedented growth is a testament to both the team and the compelling product they have built, which is alleviating a major pain point experienced by all businesses," Scott Sandell, NEA Managing General Partner.