What is Obligo?
Founded in 2017, Obligo offers a unique billing authorization solution that effectively eliminates the need for traditional security deposits. By providing a secure, limited connection to a tenant's bank account, Obligo empowers property owners and managers to charge residents up to the deposit amount, thereby mitigating risk and streamlining the leasing process. This FinTech solution addresses a long-standing pain point in the rental industry, positioning Obligo as a key player in modernizing property management finances.
How much funding has Obligo raised?
Obligo has raised a total of $92.5M across 4 funding rounds:
Angel/Seed
$7M
Series A
$15.5M
Series B
$35M
Other Financing Round
$35M
Angel/Seed (2018): $7M with participation from Entree Capital, 83North, HFZ Capital Group, and Viola Credit
Series A (2020): $15.5M led by Entrée Capital, Viola Credit, 83North, and 10D
Series B (2021): $35M supported by Entree Capital, MUFG, La Maison Partners, Alumni Ventures, Highsage Ventures, 83North, and 10D
Other Financing Round (2024): $35M featuring True Global Ventures and 83North
Key Investors in Obligo
Entree Capital
Entree Capital is a venture capital firm that backs founders building ambitious technology and product businesses, providing capital and practical guidance from early stages through scale-up.
83North
83North is a global venture capital firm managing over $2.2 billion, investing in exceptional entrepreneurs at all stages to build category-leading companies and supporting innovative startups across various sectors.
Viola Credit
Viola Credit is a global, technology-driven alternative credit asset manager specializing in providing flexible and tailored credit solutions for tech-driven companies, including Growth Lending and Asset-Backed Lending.
What's next for Obligo?
With its latest strategic investment, Obligo is poised for accelerated growth and market expansion. The company's trajectory, marked by consistent funding rounds from Seed to Series B and subsequent financing, indicates a strong validation of its business model. This capital will likely fuel further development of its platform, enhance customer acquisition efforts, and potentially explore new service offerings within the rental payments and property management ecosystem. The ongoing backing from prominent investors suggests a strategic focus on scaling operations and solidifying its market leadership.
See full Obligo company page
