What is Obligo?
Founded in 2017, Obligo operates at the intersection of real estate and financial services, specifically targeting the inefficiencies inherent in traditional security deposit management. By replacing the cumbersome cash-based deposit system with its proprietary Billing Authorization technology, the company provides a secure, bank-linked interface that allows property managers to charge residents only when necessary. This innovation effectively eliminates the financial friction for tenants while maintaining security for landlords, positioning Obligo as a critical infrastructure provider within the rapidly evolving PropTech ecosystem.
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, HFZ Capital Group, Viola Credit, and 83North
Series A (2020): $15.5M led by 83North, Entrée Capital, 10D, and Viola Credit
Series B (2021): $35M supported by 83North, Alumni Ventures, La Maison Partners, MUFG, Highsage Ventures, Entree Capital, and 10D
Other Financing Round (2024): $35M featuring True Global Ventures and 83North
Key Investors in Obligo
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.
Entree Capital
Entree Capital backs founders building ambitious technology and product businesses, partnering with teams from the earliest stages through scale up.
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.
What's next for Obligo?
With the infusion of $35M, Obligo is well-positioned to scale its operations and deepen its penetration into the enterprise real estate market. The company's strategic roadmap likely involves expanding its footprint across new geographic territories and enhancing its credit-based product suite. By leveraging its existing partnerships with institutional investors and financial institutions, Obligo aims to solidify its status as the industry standard for deposit-free living, ultimately driving higher adoption rates among large-scale property management firms and institutional landlords seeking to optimize their operational efficiency and resident experience.
See full Obligo company page
