Chicago based insurtech focused on residential real estate investors raised $25.5m in Series B funding led by Battery Ventures.
“Our bread and butter is the 1-4 unit single-family rental market and we offer coverage in all 50 states,” Aaron added. “There are over 18 million residential real estate investors in the U.S., and more than 90% of them are small ‘mom and pop’ investors who spend over $60 billion a year on insurance premiums, so there’s plenty of room for Obie to run here.”