back Back

Obie secures $25m in Series B funding

By Delisha Fernandes

May 18, 2023

  • B2B Insurance
  • Battery Ventures
  • Digital Channel
Share

ObieObie, an insurTech startup, announced that it has raised $25.5 million in a Series B funding round led by Battery Ventures, with participation from Brick and Mortar VC, DivcoWest, and several real estate funds and investor groups.

“We are excited to have the ongoing support of our investors as we continue to build insurance products that drive efficiency and change the way insurance is bought and sold,” said Ryan Letzeiser,  Co-founder and CEO Obie. “This funding supports the future of embedded insurance as we expand our partnerships across industries and offer additional insurance products to clients.”

Having secured over $20 billion in total coverage, Obie has already attracted over 75 partners in proptech and FinTech, including Baselane, Awning, and Marketplace Homes as embedded partners. With the embedded product seamlessly integrating into partner platforms, value is added by offering comprehensive insurance coverage powered by Obie, all directly within their platform or preferred digital channel.

Having seen 300% growth over the past two years, Obie is proving that modern real estate investors are adopting new, easier ways to obtain insurance that align with other digitised proptech and FinTech solutions.

“Despite the recent volatility in the real estate and insurTech markets, we believe Obie’s approach to growth namely, by using an API-first approach and embedding their technology within their large ecosystem partners is the right one for this market, and the company’s recent success demonstrates this,” said Michael Brown, Battery general partner and board member Obie. “We are excited to recommit to Obie and continue to help the company scale.”

Previous Article

May 18, 2023

MoMo offers flexible payments for Apple store online purchases in Vietnam

Read More
Next Article

May 18, 2023

Modak & Yoti unite to create a secure FinTech platform for teens

Read More








IBSi Daily News Analysis

Generative AI

April 12, 2024

B2B Insurance

Security experts sound the alarm on Deepfake threats in the age of AI

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 12, 2024

Genesis launches Credit Insurance Application

Read More

April 10, 2024

3 InsurTech platforms disrupting the insurance industry in UAE

Read More

April 10, 2024

Insurtech Novidea secures $30m to boost organic expansion

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023