Obie, an industry-leading 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.

After raising $10.7 million in their Series A funding round closed in 2021, this new round of funding brings the total equity raised to date to $39 million.

Founded in 2017, Obie is focused on providing insurance to residential real estate investors. The company has seen success from, and is now doubling-down on, its industry-first embedded insurance distribution strategy. The Obie instant quote process leverages data enrichment, accessing multiple databases to apply unique algorithms and analysis to over 1000 data points. The proprietary methodology of this data analysis allows for a more accurate assessment of risk and the ability to more efficiently underwrite policies, resulting in faster quote generation. With this innovative technology, Obie delivers instantly bindable quotes that meet the distinct needs of each investment property, enabling a superior customer experience and positioning the company as the leading digital provider of landlord insurance.