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Erie Insurance’s VC arm makes three strategic investments

Erie Insurance's venture capital arm has invested in tech-enabled pet care solution Wagmo, AI-powered insurance operations startup Roots Automation, and digital estate planning platform Trust & Will, expanding its portfolio and supporting innovative products and services in the insurance industry.

by Mark Eisenberg
Thu, Jan 18, 2024 11:34pm
in Business
• 3 mins read
14.8k
Erie Insurance's VC arm makes three strategic investments | FinOracle

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Erie Strategic Ventures Invests in Tech-Enabled Pet Wellness and Insurance Startup, Wagmo

Erie Strategic Ventures, the venture capital arm of Erie Insurance, has announced its investment in Wagmo, a tech-enabled pet care solution. Wagmo offers unique pet wellness and pet insurance products designed specifically for employers, allowing them to extend coverage beyond traditional offerings. The company’s app allows users to visit any groomer or service provider, submit claims digitally, and have claims paid within 24 hours. Erie Insurance believes that Wagmo’s innovative approach to pet wellness will complement and fill gaps in traditional pet insurance products. This investment creates opportunities for mutual benefit between Erie Insurance and Wagmo.

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