Total amount raised
$92.5 Million
Latest funding date
2024-10-21
Location
Obligo offers a platform that eliminates the need for traditional security deposits, simplifying the renting process for both renters and property managers. The company provides various deposit options and streamlines the move-out process, making it a trusted solution in over 1 million homes.
Keep reading to explore the intricacies of Obligo's fundraising journey and the investors backing this innovative platform.
What Is Obligo?
Obligo is a company that provides innovative rental solutions by eliminating the need for traditional security deposits. They operate within the real estate and property management industry, offering services that benefit both renters and property managers.
Using open-banking technology, Obligo offers various deposit options, including no deposit, reduced deposit, deposits-in-installments, or a full deposit. Their services simplify the move-in and move-out processes, reducing friction and streamlining deposit management.
Obligo is trusted in over 1 million homes and is highly rated by both renters and property managers, making it a significant player in the rental solutions market.
How Much Funding Has Obligo Raised?
- Seed Round
- Amount Raised: USD 5,000,000
- Date: June 2018
- Lead Investors: 83North
- Debt Financing
- Amount Raised: USD 2,000,000
- Date: June 2018
- Lead Investors: Viola Credit
- Series A
- Amount Raised: USD 15,500,000
- Date: November 2020
- Lead Investors: 10D
- Series B
- Amount Raised: USD 35,000,000
- Date: November 2021
- Lead Investors: 83North
- Debt Financing
- Date: October 2024
- Lead Investors: Viola Credit
- Undisclosed Round
- Amount Raised: USD 35,000,000
- Date: October 2024
- Lead Investors: 83North, True Global Ventures (TGV)
In total, Obligo has raised USD 92,500,000.
Key Investors
- 83North
- Details: 83North is a global venture capital firm with offices in London and Tel Aviv. They focus on investing in European and Israeli companies across various stages of growth.
- Investment Focus Areas: Technology, Fintech, SaaS
- Notable Investments: Wolt, Mirakl, Payoneer
- True Global Ventures (TGV)
- Details: True Global Ventures is an international venture capital firm that invests in serial entrepreneurs in the tech sector. They have a strong focus on blockchain and fintech innovations.
- Investment Focus Areas: Blockchain, Fintech, Artificial Intelligence
- Notable Investments: Ledger, Animoca Brands, The Sandbox
- Viola Credit
- Details: Viola Credit is a leading Israeli private credit fund that provides innovative credit solutions to growth-stage technology companies. They are part of the Viola Group, which manages over $4 billion across various funds.
- Investment Focus Areas: Technology, Fintech, Growth-stage companies
- Notable Investments: Not publicly disclosed
- 10D
- Details: 10D is an early-stage venture capital firm based in Israel. They focus on investing in disruptive technologies and innovative startups.
- Investment Focus Areas: Technology, Healthtech, Consumer
- Notable Investments: Waze, Houseparty, Nexar
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