Story excerpt provided by Rev1 Ventures.
Written by Tom Walker.
Columbus, OH—September 26, 2017—State Auto Labs Corp., the innovation arm of the State Automobile Mutual Insurance Company, has launched a $25 million corporate venture fund to support entrepreneurs and innovations in the insurance industry.
State Auto Labs is embarking on a unique collaboration with Rev1 Ventures that connects InsurTech and FinTech startups with capital, technologists and insurance industry experts with the objective of identifying transformative technologies and solutions, becoming an early adopter of these, and investing in the most promising ones.
As consumer habits evolve, so do their insurance needs. State Auto Labs is committed to participating in the reinvention of insurance by connecting disruptive startups with capital, technologists and insurance industry experts.
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Originally published September 26, 2017.