Erie Strategic Ventures invests in Atomic and Feathery

Erie Strategic Ventures, the venture capital arm of Erie Insurance, announced investments in two new portfolio companies: Atomic and Feathery.

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 its 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.

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.

“We are excited to partner with Atomic and Feathery. Erie Insurance is a relationship company, and we believe that these two relationships create numerous opportunities for mutual benefit.” – Keith Kennedy, senior vice president for Next Level Innovation at Erie Insurance.