About Azibo
Azibo is a company based in Reno (United States) founded in 2010 by Chris Hsu and Rob Bloemker was acquired by TurboTenant in May 2025.. Azibo has raised $29.5 million across 2 funding rounds from investors including SVB, Assurant and Khosla Ventures. Azibo operates in a competitive market with competitors including Honeycomb Insurance, SageSure, Matic Insurance, SmartFinancial and ValueInsured, among others.
- Headquarter Reno, United States
- Founders Chris Hsu, Rob Bloemker
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$29.5 M (USD)
in 2 rounds
-
Latest Funding Round
$19 M (USD), Series A
Jan 11, 2022
-
Investors
SVB
& 11 more
-
Employee Count
Employee Count
-
Acquired by
TurboTenant
(May 06, 2025)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Funding Insights of Azibo
Azibo has successfully raised a total of $29.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $19 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $19.0M
-
First Round
First Round
(05 Aug 2020)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - Azibo | Valuation | SVB | |
| Aug, 2020 | Amount | Seed - Azibo | Valuation | Canaan |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Azibo
Azibo has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Assurant and Khosla Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital fund focused on the real estate startups
|
Founded Year | Domain | Location | |
|
Early-stage investments are made in insurance technology by this firm.
|
Founded Year | Domain | Location | |
|
Blank check and private debt firm focused on multiple sectors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Azibo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Azibo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Azibo Comparisons
Competitors of Azibo
Azibo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Honeycomb Insurance, SageSure, Matic Insurance, SmartFinancial and ValueInsured, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based comparison platform for real estate insurance
|
|
| domain | founded_year | HQ Location |
Online property insurance comparisons are provided for individuals and businesses.
|
|
| domain | founded_year | HQ Location |
Provider home insurance quote solutions
|
|
| domain | founded_year | HQ Location |
Home insurance is compared and purchased through an online platform.
|
|
| domain | founded_year | HQ Location |
Home down payment protection insurance is provided for homebuyers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Azibo
Frequently Asked Questions about Azibo
When was Azibo founded?
Azibo was founded in 2010 and raised its 1st funding round 10 years after it was founded.
Where is Azibo located?
Azibo is headquartered in Reno, United States. It is registered at Reno, Nevada, United States.
Is Azibo a funded company?
Azibo is a funded company, having raised a total of $29.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $10.5M, raised on Aug 05, 2020.
What does Azibo do?
Azibo was founded in 2010 in Reno, United States, as a digital bank focused on the real estate sector. Services such as rent collection, checking accounts, prepaid cards, bill payments, and money transfers are offered to landlords. Additional features include investment loans, tenant screening, property management, and insurance options, supporting operations primarily in the U.S. market.
Who are the top competitors of Azibo?
Azibo's top competitors include Honeycomb Insurance, Matic Insurance and SageSure.
Who are Azibo's investors?
Azibo has 12 investors. Key investors include SVB, Assurant, Khosla Ventures, TurboTenant, and Victory Park Capital Advisors.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.