May 26, 2021

Proudly announcing our $10.7M Series A funding

by 
Ryan Letzeiser

It is an important day for the Obie team. Today we are announcing an $10.7M Series A led by Michael Brown and Battery Ventures who are joined by a host of new and previous investors including Thomvest Ventures, Funders Club, Second Century Ventures, and Metaprop.


We are a company started by two brothers – first real estate investors and now insurance junkies. We saw chronic problems throughout the real estate insurance market so we’re reinventing the process from the bottom up. We are starting at the intersection of insurance and technology which allows us to address the insurance needs of independent investors and landlords that have largely been ignored by insurance carriers despite the majority of real estate investment being in small unit count and small square foot properties.


Whether you are a landlord with one rental or an investor with over 2,500 units, the process to obtain insurance is dysfunctional. We knew this process needed to change. That notion, and a love for building products that make people happy, became our mission.


We are proud to be reinventing the insurance experience by providing a simple, affordable, and transparent insurance process for landlords and real estate investors. We are using technology to make the process faster and more efficient, and humans to help make the experience more friendly and enjoyable. Whether you are a seasoned investor or just getting started, Obie is right for you. We treat all our customers how we would want to be treated, a philosophy that has allowed us to offer the best insurance and cover over $3.5 billion in rental property within the past 24 months. 


Building something from the ground up is incredibly hard; building something that challenges the status quo is even harder.  


We have been building a team that is diverse in knowledge and experience and half of our team are landlords themselves - we understand the problems first-hand and are committed to finding a solution. We could not do any of this without our team members, both past and present. This announcement is dedicated to each one of you: 


Aaron, Adam, Andrew, Audrey, Brian, Bryan, Brandon, Curtis, David, Dominic, Danielle, Evan, Erin, Giancarlo, Geo, Huy, Joe, JB, John, Jonathan, Kara, Laura, Leslie, Matt, Nem, Nikita, Pablo A. and Pablo B., Richard, Ryan, Steve, Tim, Thomas, and Zack.


Thank you for your hard work. You have made it possible to get this far.


Interested in joining the team? We are hiring! We have a few openings for some impressive people that want to join us for this journey.


Want to learn more about Obie? Get a quote.


Please send any press inquiries to press@obierisk.com