About Obie
Obie is a company based in Chicago (United States) founded in 2014 by Ryan Letzeiser and Aaron Letzeiser. It operates as a InsurTech, and Direct-to-Consumer (D2C). Obie has raised $39.65 million across 5 funding rounds from investors including FundersClub, DivcoWest and Battery Ventures. Obie offers products and services including Landlord Insurance and Embedded Insurance.
- Headquarter Chicago, United States
- Founders Ryan Letzeiser, Aaron Letzeiser
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Obie Insurance Group, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39.65 M (USD)
in 5 rounds
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Latest Funding Round
$26 M (USD), Series B
Mar 15, 2023
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Investors
FundersClub
& 12 more
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Employee Count
Employee Count
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Products & Services of Obie
Obie offers a comprehensive portfolio of products and services, including Landlord Insurance and Embedded Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tailored coverage is provided for real estate investments.
Integrated insurance solutions are offered for seamless protection.
Funding Insights of Obie
Obie has successfully raised a total of $39.65M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $26 million completed in March 2023. 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 5
- Last Round Series B — $26.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series B - Obie | Valuation | Battery Ventures | |
| May, 2021 | Amount | Series A - Obie | Valuation | Battery Ventures | |
| Feb, 2020 | Amount | Seed - Obie | Valuation | MetaProp NYC , FundersClub |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Obie
Obie has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include FundersClub, DivcoWest and Battery 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 |
|---|---|---|---|---|
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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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VC firm investing in the US
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Founded Year | Domain | Location | |
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Investments are directed toward fintech, cybersecurity, and martech sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Obie
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Obie
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Obie Comparisons
Competitors of Obie
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Obie
Frequently Asked Questions about Obie
When was Obie founded?
Obie was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Obie located?
Obie is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Obie?
Ryan Letzeiser is the current CEO of Obie. They have also founded this company.
Is Obie a funded company?
Obie is a funded company, having raised a total of $39.65M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2.8M, raised on Sep 15, 2017.
What does Obie do?
Insurance coverage is offered by Obie for landlords and real estate investors, focusing on property protection. Services are tailored for single-family and multifamily homeowners, as well as property managers. Solutions are designed to minimize risks and support portfolio growth in the real estate sector. Technology-driven platforms are utilized to deliver instant quotes and seamless integration for clients and partners.
What products or services does Obie offer?
Obie offers Landlord Insurance and Embedded Insurance.
Who are Obie's investors?
Obie has 13 investors. Key investors include FundersClub, DivcoWest, Battery Ventures, Brick & Mortar Ventures, and Thomvest Ventures.