Tech Company Financing Transactions

Obie Funding Round

Obie, based in Chicago, received $25 million in investment from Battery Ventures, Brick & Mortar Ventures and DivcoWest.

Transaction Overview

Company Name
Announced On
5/17/2023
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series B
Investors

Battery Ventures (Lead Investor) (Michael Brown)

Brick & Mortar Ventures

DivcoWest

Proceeds Purpose
The company will use the funds to Expand Innovative Embedded Insurance Technology.

Company Information

Company Status
Private & Independent
Industry
InsureTech
Mailing Address
1134 W Hubbard St. 3rd Floor
Chicago, IL 60642
USA
Email Address
Overview
Obie is a tech-enabled insurance and risk management platform for real estate investors that fosters a transparent, streamlined, and consultative approach to acquiring and managing property insurance. We are on a mission to provide fast, transparent, and cost effective P&C Insurance for the silent majority of property investor owners in the US.
Profile
Obie LinkedIn Company Profile
Social Media
Obie Company Twitter Account
Company News
Obie News
Facebook
Obie on Facebook
YouTube
Obie on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Ryan Letzeiser
  Ryan Letzeiser LinkedIn Profile  Ryan Letzeiser Twitter Account  Ryan Letzeiser News  Ryan Letzeiser on Facebook


 

 

Browse more venture capital transactions:

Prev: 5/17/2023: Traefik Labs venture capital transaction
Next: 5/17/2023: Nory venture capital transaction

 

Share this article

 


Where The Data Comes From

Our team works diligently to report on all VC transactions involving tech companies. All VC database entries reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary