State Auto Labs Corporate Venture Fund
Funding Amount
$25,000,000
Deadline
Deadline not published
Grant Type
Foundation
Deadline history & next window
- Cycle
- One-time opportunity
- Tracked since
- April 2026
Source: the cycle recorded on this listing. Confirm dates with the funder.
Overview
A $25 million corporate venture fund launched by State Auto Labs in partnership with Rev1 Ventures to support InsurTech and FinTech startups driving innovation in the insurance industry.
Geographic Scope: Not specified, but focus on insurance industry innovation
Fund Size: $25 million
Focus Areas: Four key investment areas:
Investment Focus Areas
- Internet of Things & Wearables: Technologies that connect, collect and communicate with people, vehicles, offices and homes
- Data-Driven Innovation: Machine learning and artificial intelligence for analytics and decision-making
- Distribution Technologies: Enhanced traditional and emerging channels, improved customer service and policyholder value
- Products & Operational Solutions: Anticipating changing insurance customer needs, sharing economy, insurance on demand, reinvention of claims
Key Features:
- Unique collaboration between corporate (State Auto Insurance) and venture (Rev1 Ventures) partners
- Connects InsurTech and FinTech startups with capital
- Access to technologists and insurance industry experts
- Early adopter relationship with State Auto Insurance
- Identifies transformative technologies in insurance
Partners:
- State Auto Labs Corp. (innovation arm of State Automobile Mutual Insurance Company)
- Rev1 Ventures
Contact Information:
- Website: www.stateautolabs.com
- Rev1 Ventures: (614) 487-3700
- Address: Rev1 Labs, 1275 Kinnear Rd. Columbus, Ohio 43212 or Rev1 at The Peninsula, 330 Rush Alley Suite 100, Columbus OH 43215
What REV1 Ventures actually gave
Source: IRS Form 990, 2024
- Grants in 2024
- 7
- Total given
- $960K
- Median grant
- $110K
- Range
- $100K–$250K
- By dollars: Ohio 100%. Top recipient cities: Columbus, OH; Athens, OH; Worthington, OH.
- 0% of grants with a stated purpose were for general or operating support.
Example grants
Hyperpath · Athens, OH
Employee costs,equipment, supplies
$250K
Lacclamp · Columbus, OH
Employee costs,equipment, supplies
$150K
Objective Hearing · Worthington, OH
Employee costs,equipment, supplies
$150K
Genosera · Columbus, OH
Employee costs,equipment, supplies
$110K
Arma · Columbus, OH
Employee costs,equipment, supplies
$100K
Focus Areas & Funding Uses
Fields of Work
- Startups
- Technology
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