Obie Raises $25M in Series B Funding
Summary
After raising $10.7M in their Series A funding closed in 2021, this new round – led by Battery Ventures, with participation from Brick and Mortar VC, and DivcoWest – brought the total equity raised to date to $39M. The company intends to use the funds to expand operations and its business reach. Founded in 2017 and led by CEO Ryan Letzeiser, Obie is focused on providing insurance to residential real estate investors. The proprietary methodology of this data analysis allows for an accurate assessment of risk and the ability to more efficiently underwrite policies. With this technology, the company delivers instantly bindable quotes that meet the distinct needs of each investment property.
Funding
Amount
$25.0M
Total raised
Date
May 18, 2023
Announcement date
Investors
-
Lead investors
Company
http://www.obieinsurance.com
Funded company
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