About Obligo
Obligo is a company based in Tel Aviv (Israel) founded in 2017 by Roey Dor and Omri Dor. It operates as a FinTech, and Subscription Services. Obligo has raised $55.5 million across 4 funding rounds from investors including MUFG Bank, 83NORTH and HighSage. Obligo offers products and services including No Deposit Rental Solution, Reduced Deposit Option, and Deposits-in-Installments. Obligo operates in a competitive market with competitors including Jetty, Esusu, ZSuite Technologies, PayLease and Flex, among others.
- Headquarter Tel Aviv, Israel
- Founders Roey Dor, Omri Dor
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Sectors
Real Estate & ConstructionFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Obligo
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$55.5 M (USD)
in 4 rounds
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Latest Funding Round
$35 M (USD), Series B
Nov 04, 2021
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Investors
MUFG Bank
& 10 more
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Employee Count
Employee Count
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Products & Services of Obligo
Obligo offers a comprehensive portfolio of products and services, including No Deposit Rental Solution, Reduced Deposit Option, and Deposits-in-Installments. 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.
Security deposit alternatives are provided for renters and properties.
Reduced deposit options are offered for qualifying renters.
Installment plans for deposits are made available to renters.
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Funding Insights of Obligo
Obligo has successfully raised a total of $55.5M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $35 million completed in November 2021. 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 4
- Last Round Series B — $35.0M
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First Round
First Round
(05 Jun 2018)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - Obligo | Valuation | 83NORTH , TGV | |
| Nov, 2020 | Amount | Series A - Obligo | Valuation | 10D | |
| Jun, 2018 | Amount | Seed - Obligo | Valuation | 83NORTH |
| 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 Obligo
Obligo has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include MUFG Bank, 83NORTH and HighSage. 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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Tech-focused, stage-agnostic venture capital is provided by 83NORTH.
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Founded Year | Domain | Location | |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Investments are directed toward pre-seed to Series C technology companies.
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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 Obligo
| 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 - Obligo
| 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 |
Obligo Comparisons
Competitors of Obligo
Obligo 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 Jetty, Esusu, ZSuite Technologies, PayLease and Flex, 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 |
Jetty is recognized as a financial services company for renters.
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| domain | founded_year | HQ Location |
Online platform offering credit-building solutions through rent payment reporting
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| domain | founded_year | HQ Location |
SaaS tools for automating rental payments and deposits are provided.
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| domain | founded_year | HQ Location |
Payment solutions are offered to the property management sector.
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| domain | founded_year | HQ Location |
Flex is recognized for offering flexible rent payment solutions.
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| 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 Obligo
Frequently Asked Questions about Obligo
When was Obligo founded?
Obligo was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Obligo located?
Obligo is headquartered in Tel Aviv, Israel.
Who is the current CEO of Obligo?
Roey Dor is the current CEO of Obligo. They have also founded this company.
Is Obligo a funded company?
Obligo is a funded company, having raised a total of $55.5M across 4 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on Jun 05, 2018.
What does Obligo do?
Innovative rental solutions are offered by Obligo to simplify the renting process for both renters and property managers. Security deposit burdens are alleviated through options like No Deposit, Reduced Deposit, and Deposits-in-Installments. Open-banking technology is utilized to assess fund availability and tailor deposit options. Streamlined move-out processes are facilitated with immediate payments and electronic refunds. The real estate sector, specifically property management and rental solutions, is primarily served. Partnerships with top property management systems are maintained to enhance integration and service delivery.
What products or services does Obligo offer?
Obligo offers No Deposit Rental Solution, Reduced Deposit Option, and Deposits-in-Installments.
Who are Obligo's investors?
Obligo has 11 investors. Key investors include MUFG Bank, 83NORTH, HighSage, Entree Capital, and 10D.