Obligo
Latest round
- Series B
Last raised
- Oct 2024
Total raised
- $77M
Investors
- 11
About Obligo
Founded in 2017 in New York, Obligo, Inc. specializes in providing deposit-free rental solutions. The founders, Eran Heffetz, Omri Dor, and Roey Dor, have extensive backgrounds in technology and entrepreneurship.Obligo provides a flexible security deposit alternative aimed at enhancing the rental experience for both tenants and property managers. The company's core offering allows renters to move into properties without the burden of traditional cash deposits, instead utilizing an electronic system that facilitates instant refunds and certified move-in payments. By employing Obligo's technology, renters can complete the move-in and move-out processes seamlessly via their mobile devices, eliminating lengthy waits for deposit returns. This service is particularly beneficial for the younger demographic of renters who prioritize convenience and speed.Obligo's revenue model is structured around transactional fees and partnerships with property managers who adopt its deposit alternative technology. The company generates income through a combination of subscription fees from property owners who utilize its platform and transaction fees associated with certified electronic payments. As property managers implement Obligo's services, they can customize deposit-free programs tailored to their needs and incentivize lease renewals, potentially increasing tenant retention and satisfaction. The company's innovative approach to deposit management enhances cash flow for property owners while renters benefit from a streamlined and cost-effective solution, creating a mutually beneficial relationship.In October 2024, Obligo, Inc. Obligo is focusing on expanding its footprint within the United States, targeting new partnerships with property management firms to broaden its service offerings. The company is also exploring opportunities to enhance its platform technology, aiming to launch new features that will further simplify the rental process for users.
Who invested in Obligo
11 investors across 4 rounds
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Questions about Obligo
Who invested in Obligo?
Obligo has 11 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Obligo raised?
Obligo has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Obligo last raise money?
Obligo's most recent round on record is a Series B, in Oct 2024.
What does Obligo do?
Founded in 2017 in New York, Obligo, Inc.
Where is Obligo headquartered?
Obligo is headquartered in New York, US.
Which VCs invest in companies like Obligo?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Obligo's stage. Their profiles are linked below.
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