State Farm Ventures

What they do

State Farm Ventures is the venture capital arm of State Farm that invests in innovative companies to help create a better future. It aims to find better ways to meet the needs of State Farm’s diverse customer base by investing in companies that disrupt conventional modes of operation to help people live smarter and safer lives. The team brings deep domain expertise across insurance, risk management, customer service, underwriting, claims, mobility, IoT, home safety, and resilience.

What they look for

State Farm Ventures invests in innovative, mission-driven startups that disrupt traditional insurance and related domains, focusing on areas such as mobility, IoT, home safety, resilience, underwriting, claims, and risk management to enable smarter and safer lives.

Stage

Ideation, Pre-seed, Seed, Series A, Series B+

Sectors

AI, Deeptech, Fintech, Mobility and logistics, Proptech, Cybersecurity

Based

Bloomington, US