​Agoura Hills-Based Pet Insurance Company Begins Investment Round

Agoura Hills CA

05 January, 2021

12:05 PM

Description

AGOURA HILLS, CA — Spurred by lonely hours at home, Americans during the pandemic adopted some 184 million dogs and cats in 2020, a North American Pet Health Association study shows. For Odie Pet Insurance, the timing couldn't be better. The Agoura Hills-based company is looking to capitalize on the adoption boom over the next two years thanks to an investing round led by Bridge Point Capital. In a news release, Odie Pet Insurance said it aims to use the funding to enhance consumer-facing tech, acquire top-tier talent and continue business development and marketing efforts. "We're incredibly excited at the growing need for affordable and high-quality pet insurance. Since pet ownership has really skyrocketed in the U.S. during the pandemic, we feel the timing is better than ever to bring on capital in order to accelerate our growth and our ability to serve pet parents," Miles Thorson, co-founder and CEO of Odie, said in a statement. Odie said its tech-forward pet insurance platform offers options so pet owners can customize a monthly plan to cover unexpected health and wellness expenses. In a statement, Thorson said Odie has already gathered traction with enterprise level partners and has aligned itself with strategic insurance distribution partners and other pet sector affiliates. "Our partners are drawn to our 35 years' experience in the insurance industry and ability to provide them with the flexibility and openness to integrate with their current technology and workflows," Thorson said.