What is Obligo?
Founded in 2017, Obligo operates at the intersection of real estate and financial services. The company provides a sophisticated platform that replaces the antiquated security deposit model with a secure, digital Billing Authorization process. By establishing a limited, secure connection to a resident's bank account, Obligo enables property owners and managers to charge residents up to the deposit amount only when necessary, thereby enhancing liquidity for tenants and reducing administrative friction for landlords. This innovative approach has positioned Obligo as a critical infrastructure provider within the residential rental market, effectively digitizing a core component of the leasing experience.
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 HFZ Capital Group, Entree Capital, 83North, and Viola Credit
Series A (2020): $15.5M led by Entrée Capital, Viola Credit, 83North, and 10D
Series B (2021): $35M supported by 83North, Highsage Ventures, 10D, Alumni Ventures, Entree Capital, MUFG, and La Maison Partners
Other Financing Round (2024): $35M featuring True Global Ventures and 83North
Key Investors in Obligo
83North
A global venture capital firm managing over $2.2 billion, 83North invests in exceptional entrepreneurs at all stages to build category-leading companies, boasting a portfolio of 90 companies and 14 unicorns.
Entree Capital
Entree Capital partners with founders building ambitious technology and product businesses, providing capital and practical guidance from the earliest stages through scale-up.
Viola Credit
A technology-driven alternative credit asset manager with over $4 billion in assets, specializing in flexible credit solutions and growth lending for tech-driven companies from Series A to IPO.
What's next for Obligo?
With the successful closure of this major strategic investment, Obligo is well-positioned to accelerate its market penetration and expand its suite of financial tools. The company is expected to leverage this capital to enhance its technological infrastructure, deepen its integration with property management software, and scale its operations to meet the growing demand for flexible rental financial solutions. As the PropTech landscape continues to evolve, Obligo's focus on reducing financial barriers for renters while maintaining security for property owners will likely remain a key driver of its long-term value proposition and market dominance.
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