Obligo Raises $35M in New Funding

Obligo, a fintech startup that's making life easier for both renters and landlords, has just landed $35 million in new funding.

This fresh investment arrives during a period of exciting growth for the company, thanks in part to its recent partnerships with property management giants AppFolio, Buildium, and Yardi.

With all this momentum, it seems Obligo is well on its way to changing how we think about security deposits.

Leading this funding round were True Global Ventures and 83North, with additional support from investors like 10D, Entrée Capital, HighSage Ventures, MUFG Innovation Partners, and Viola Credit.

The funds will be used to further develop Obligo's innovative products, boost intellectual property (IP), and build out more strategic partnerships—all with an eye on profitability.

Roey Dor, CEO and Co-Founder of Obligo said:

"The value is clear: a recent survey showed that 55% of renters cited Obligo as a key factor in selecting their current home. With these additional resources and our recently announced property management software partnerships, we are uniquely positioned to become the top deposit solution for millions of U.S. homes."

Obligo’s CEO and co-founder, Roey Dor, pointed out that this latest cash injection is a big vote of confidence in the company's tech-focused approach.

Their machine learning and API-driven strategy are really starting to make waves in the rental world.

And here's a fun fact: 55% of renters said Obligo played a role in helping them choose their current home.

With the added resources from this funding, Obligo could very well become the go-to deposit solution for millions of renters across the U.S.

In addition to the funding news, Obligo is welcoming Lilia Shirman from True Global Ventures to its board of directors.

Shirman is just as excited about the company’s potential, seeing Obligo as a real game-changer in the real estate market.