Erie Insurance’s corporate venture capital arm expands its portfolio with two startups focused on embedded brokerage and AI-powered data solutions
Erie Strategic Ventures, the venture capital arm of Erie Insurance (ERIE), today announced investments in two new portfolio companies: Atomic and Feathery.
The Erie Strategic Ventures fund, launched in August 2022, focuses on investing in the personal and commercial insurance value chain, as well as adjacencies that offer potential to deliver value to ERIE, its agents and policyholders. ERIE collaborates with Cerity Partners Ventures, a corporate venture capital management firm, to help oversee and operate Erie Strategic Ventures. The two investments announced today support startups operating at the intersection of technology and financial services.
“We are excited to partner with Atomic and Feathery,” said Keith Kennedy, senior vice president for Next Level Innovation at Erie Insurance. “Erie Insurance is a relationship company, and we believe that these two relationships create numerous opportunities for mutual benefit.”
- Atomic offers a full-stack brokerage and wealth management solution purpose-built for financial institutions. Atomic’s position as a licensed RIA and broker-dealer allows financial institutions like credit unions and insurance carriers to leverage Atomic’s technology platform to offer embedded financial solutions to their clients.
- Feathery provides a flexible, AI-powered data intake platform for financial institutions. Feathery workflows allow intaking data and documents across multiple sources to be validated, formatted and connected to end systems. This unlocks insights and efficiency across traditionally manual processes such as submission intake for insurance underwriting, policy checking and proposal generation for brokers, client onboarding for RIAs and broker-dealers and more.
Erie Insurance is a Fortune 500 auto, home, business and life insurance company based in Erie, Pa. Founded in 1925, ERIE has a long-standing reputation for financial strength and customer service. ERIE is rated A (Excellent) by AM Best and serves more than seven million policyholders through a network of over 14,000 independent agents across 12 states and Washington, D.C. Beyond capital investment, Erie Strategic Ventures draws on Erie Insurance’s 100 years of industry expertise to help portfolio companies innovate and scale. As a trusted leader in insurance, ERIE serves as both a customer and strategic partner — fostering collaboration, accelerating development and advancing shared goals.
Learn more about Erie Strategic Ventures at www.erieinsurance.com/ventures.