Obligo has secured $35M in new funding. The investment comes as Obligo experiences a period of rapid growth, driven by recently announced partnerships with property management software companies AppFolio, Buildium, and Yardi.
The funding round, co-led by True Global Ventures and 83North, will fuel the company’s continued product innovation, IP development, and expansion of strategic partnerships as it moves closer to achieving profitability. Additional equity and debt investors participating in the round include 10D, Entrée Capital, HighSage Ventures, MUFG Innovation Partners, and Viola Credit.
Read also – [Funding news] NC-based mPATH Secures $3Million in Funding
Roey Dor, CEO and Co-Founder of Obligo said, “This investment is a testament to the market’s confidence in our machine learning technology, API-first distribution strategy and our vision for the future of renting, 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.”
About Obligo
Obligo powers the rental experience of the future and builds trust between renters and landlords through financial technology, making the rental process as simple as checking in and out of a hotel. In 2018, brothers Roey Dor and Omri Dor founded Obligo to streamline rental operations, boost bottom lines, power a superior resident experience and comply with ever-changing regulations.
