Total amount raised
Latest funding date
Location
Obligo has successfully raised $35 million in a funding round to expand its no-deposit rental solutions across millions of U.S. homes. The platform offers a streamlined renting process for both renters and property managers, utilizing open-banking technology to provide flexible deposit options and immediate payment solutions.
Keep reading to explore the intricacies of Obligo's fundraising journey and the innovative solutions that are transforming the rental market.
What Is Obligo?
Obligo is a company in the real estate and property management industry, offering no-deposit rental solutions to simplify the renting process for both renters and property managers. The company aims to eliminate traditional security deposits, providing flexible options such as no deposit, partial deposit, installments, or a full deposit.
Obligo leverages open-banking technology to verify funds and offers a seamless move-out process with electronic refunds. Trusted in over 1 million homes, Obligo is highly rated by both renters and property managers for its innovative approach to deposit management.
How Much Funding Has Obligo Raised?
- Funding Round 1
- Amount Raised: $3.5 million
- Date: January 2018
- Lead Investors: 83North, Entrée Capital
- Funding Round 2
- Amount Raised: $15.5 million
- Date: June 2020
- Lead Investors: 83North, HighSage Ventures
- Funding Round 3
- Amount Raised: $35 million
- Date: October 2023
- Lead Investors: 83North, HighSage Ventures, 10D
In total, Obligo has raised $54 million.
Key Investors
- 83North
- Details: 83North is a global venture capital firm with offices in Israel and London. They focus on backing exceptional entrepreneurs to build market-leading companies.
- Investment Focus Areas: Technology, Software, Fintech, Consumer, Healthcare
- Notable Investments: Waze, iZettle, Payoneer
- Entrée Capital
- Details: Entrée Capital provides multi-stage funding for innovative startups and companies. They have a strong presence in the U.S., Europe, and Israel.
- Investment Focus Areas: Fintech, SaaS, Consumer, Deep Tech, Healthcare
- Notable Investments: Monday.com, Riskified, Stash
- HighSage Ventures
- Details: HighSage Ventures is a private investment firm that focuses on long-term value creation. They invest in a variety of sectors and stages.
- Investment Focus Areas: Real Estate, Technology, Energy, Healthcare, Consumer
- 10D
- Details: 10D is an early-stage venture capital firm based in Israel. They support startups with disruptive technologies and innovative business models.
- Investment Focus Areas: Fintech, Cybersecurity, AI, SaaS, Digital Health
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Obligo and gather other critical business insights.
Sign up for free to start transforming your sales approach today.
