Feathery Raises $30 Million To Automate Financial Firms' Paperwork
Portage Ventures led the round, joined by Allstate and Erie's venture arms, as Feathery processes tens of millions of monthly submissions.
- Other backers include Index Ventures, Clocktower Ventures and Bain Capital Ventures, all financial-sector investors.
- Founders Peter Dun and Zack Khan built it for insurance and wealth-management firms.
- Clients span 300-plus firms, including Tokio Marine, Hiscox, Sequoia Financial and Allworth Financial.
Why it matters: Allstate and Erie are not just customers; they are financing the system that processes their own submissions.
Feathery (official company blog) ↗ · Jul 18, 20267/18/26 · ✓ Checked✓ Check