Obie’s momentum outranks two-thirds of insurance companies as real estate investors flock to embedded solutions
CHICAGO, IL. August 25, 2023 – Obie, a leading insurtech company focused on providing real estate investors with fast and hassle-free insurance, announced today that it has been named on the Inc. 5000 list of the fastest-growing private companies in America for 2023. This marks the second consecutive ranking for Obie.
The Inc. 5000 list ranks companies by overall revenue growth over a three-year period. Inc. also previously named Obie to its “Best Workplaces 2023” list of employers setting new standards for what it means to have a great company culture.
“Obie is honored to be named among the top companies driving change in markets everywhere,” said Aaron Letzeiser, Co-Founder of Obie. “This award is a testament to the hard work and dedication of our team, who are committed to providing real estate investors with the best possible insurance experience.”
Founded in 2017, Obie has focused on helping real estate investors obtain insurance through efficiency, convenience, and transparency. Investors can receive instantly bindable quotes through industry partners and an embedded distribution channel. Obie also partners directly with independent insurance agents to support their business growth, enabling them to provide insurance for their clients' unique needs quickly and easily. Obie’s quote process leverages data enrichment to access multiple databases and apply unique algorithms and analysis to over 1,000 data points. This allows for a more accurate assessment of risk, more efficient underwriting, and faster quote generation.
“This ranking tells us that we are on track to continue to disrupt the insurtech space,” said Ryan Letzeiser, Co-Founder of Obie. “Our partner network is expanding as real estate investors increasingly want seamless solutions that make it easier to protect their assets. We want to be the most efficient one in front of them every time.”
Most recently, Obie 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. This latest round brings the company’s total equity raised to date to $39 million.
Obie is an insurance technology company, hyper-focused on driving value for the modern real estate investor and the partners they work with every day. Whether you are an owner, lender, agent, or property manager, Obie’s mission is to build technology and insurance products that drive efficiency and fundamentally change the way insurance is bought and sold. Learn more at obieinsurance.com.
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