Feathery raises $30 million

Data intake platform Feathery announced it has raised $30 million in total funding, including its recently completed Series A, from Portage Ventures, Index Ventures, Allstate Strategic Ventures, Clocktower Ventures, Erie Strategic Ventures, and Bain Capital Ventures.

Founded in 2021, Feathery’s system collects and structures client information, synchronizes every major system of record, and normalizes data across all surfaces. Some of its solutions for insurance carriers and brokers include submission intake, AMS data entry, P&C proposals, FNOL workflows, and policy checks.

The company says it serves more than 300 companies across insurance and wealth management including Tokio Marine, Hiscox, Banner Life, Baldwin Group, Hilb Group, and Hylant.

“Financial service firms are dealing with more client data and expectations than ever before. Feathery turns those challenges into opportunities for each firm to sharpen their competitive edge, create personalized client experiences and scale operations.” – Peter Dun, co-founder and CEO of Feathery.