Odie’s pet insurance backed by top venture capitalists in oversubscription round



NEW YORK, June 3, 2021 / PRNewswire / – Odie Pet Insurance Announces Completion $ 3 million in new financing to accelerate its growth and investment in technology. Odie’s mission is to democratize pet insurance by bringing a new generation of pet owners to market. Their product and strategy targets Millennials and Gen Z, the fastest growing demographic of pet parenting in the United States. Odie aims to address the shortcomings of legacy pet insurance providers by offering its members greater coverage flexibility, stable and predictable annual premiums, and shared values ​​that are based on pet welfare.

Supported by the best
The investment round was spearheaded by Walkabout Ventures and Slow Ventures, which have a successful track record in the insurance technology and consumer pet sectors. Outstanding List New York family offices and individual investors also made direct investments in the round.

“I am very pleased with the quality and professional experience of our investors. Each of them brings a high level of synergy and strategic value to our business, ”said Miles Thorson, Co-founder and CEO.

Unique distribution strategy
Odie’s innovative approach to pet insurance is creating technology-driven B2B partnerships in addition to customer engagement through a web-based application aimed directly at consumers (www.getodie.com). “We were thrilled with Odie’s diverse growth strategy. Their ability to provide built-in pet insurance solutions and high customization for partners were key differentiators, ”said Josh Diamond by Walkabout Ventures. Odie has already received significant support through channels such as employee benefits, personal insurance, and the pet industry. They are committed to working with partner companies that share their belief that no pet parent should be forced to choose between their pet’s finances and their well-being.

Investment in smart automation
The new funding will focus on continually improving products and technologies, including automating claims and payments, enhancing the functionality of the membership portal, and expanding partner integrations. While Odie’s offering is focused on technology, they take a smarter approach to automation. They believe in the benefits of combining technology with human participation and emotional intelligence to provide an attentive and pleasant service to pet parents. Much of the funding is also used to build a world-class experienced team and recruit other key roles within the company.

About Odie
Odie is a health-focused pet health insurance brand that empowers conscientious pet parents through true inclusiveness, easy customization, holistic care, and community participation. Odie was founded with a revolutionary caring spirit and goal: to provide all dog and cat owners with access to essential pet care services through a centralized digital hub. Odie Pet Insurance Marketing Inc. distributes pet insurance plans signed by PrimeOne Insurance Company, Inc. and ClearBlue Insurance Group.

For more information click only:
Zabrina Thorson
[email protected]

For more information about the company
Web site: www.getodie.com

SOURCE Odie Pet Insurance Marketing Inc


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