Erie’s VC arm announces three new investments

Erie Strategic Ventures, the venture capital arm of Erie Insurance, announced investments in three new portfolio companies – pet insurance startup Wagmo, insurance technology provider Roots Automation, and estate planning startup Trust & Will.

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. The insurer works with the corporate venture capital firm Touchdown Ventures to help manage Erie Strategic Ventures.

“We are excited to partner with Wagmo, Roots Automation and Trust & Will. Erie Insurance is a relationship company, and we believe that these three relationships create numerous opportunities for mutual benefit.” – Keith Kennedy, senior vice president for Next Level Innovation at Erie Insurance.