Erie Strategic Ventures

Erie Strategic Ventures is the corporate venture capital arm of Erie Insurance, established in August 2022 to invest in and support startups within the personal and commercial insurance value chain, as well as related sectors that can deliver value to Erie Insurance, its agents, and policyholders. The fund focuses on early-stage investments primarily in North America, aiming to enhance Erie Insurance's existing value proposition and explore new growth opportunities that complement its business model.

The investment strategy of Erie Strategic Ventures encompasses various themes, including risk avoidance, claims, underwriting, digital sales, agency productivity tools, and products and services for homes, families, and small businesses. By partnering with innovative startups, the fund seeks to bring new products and services to market, leveraging Erie Insurance's nearly 100 years of industry expertise and a network of over 14,000 independent agents across 12 states and Washington, D.C.

In its investment approach, Erie Strategic Ventures collaborates with corporate venture capital management firms, such as Cerity Partners Ventures, to oversee and operate the fund. This partnership enables the fund to identify and support startups that align with Erie Insurance's strategic objectives, fostering collaboration and accelerating development to advance shared goals. The fund's portfolio includes investments in companies like Atomic, Feathery, Wagmo, Roots Automation, and Trust & Will, reflecting its commitment to advancing innovation in insurance and financial technology sectors.