State Farm Ventures

Profile, fund size and portfolio

Parent State FarmHQ Bloomington, United StatesFounded 2018

State Farm Ventures is the corporate venture arm of State Farm, an insurance company. It was founded in 2018 and is based in Bloomington, United States. Sectors it names: mobility and automotive, artificial intelligence, fintech.

Commitment by parentS1: USD 200M
Companies backedS1: 21

Every figure links to its source

Snapshot

Scale and capital allocated

Data behind this graphic

Data behind this graphic
Measure	Value	Unit	Kind	Source
Headline size	USD 200M	Commitment by parent	Stated by the firm or its parent	S1
Companies backed	21	companies	Stated by the firm	S1
Companies on the firm's portfolio page	4	companies	Counted from the firm's own list	S4

Sources: S1 State Farm newsroom: State Farm doubles its venture capital efforts; S4 Snapsheet Secures Strategic Investment from State Farm Ventures.

Where it invests and who leads it

Geography

Headquarters: Bloomington, United States
Offices: Bloomington, United States

LeadersS1 S3

Michael RemmesVice President, State Farm VenturesFind on LinkedIn Firm page
Aaron ChanState Farm Ventures scout, Silicon ValleyFind on LinkedIn Firm page

State Farm Ventures on LinkedIn

Key facts

Fact	Value	Status	Source
Parent company	State Farm	Single source	S1
Parent industry	Insurance	Single source	S1
Founded	2018	Single source	S1
Headquarters	Bloomington, United States	Single source	S1
Status	Active	Single source	S1
Capital source	Parent company only	Single source	S1
Headline size	USD 200M (Commitment by parent)	Single source	S1
Companies backed	21	Single source	S1

Fund vehicles

Vehicle	Size	Year	Source
State Farm Ventures fund	USD 200M	2018	S1

Recent rounds

Date	Company	Round	Amount	Source
2023-07-17	Snapsheet	Not stated	Not stated	S4

History

2018State Farm Ventures launched with a USD 100 million investment commitmentS3
2022State Farm Ventures expanded its investment fund to USD 200 million, with 21 investments to dateS1

Portfolio

The firm's portfolio page lists 4 companies.S4

The firm also states 21 companies backed. The page list and the stated total measure different things.S1

Shared portfolio with other corporate VCs

2 companies on the State Farm Ventures portfolio page also appear on the portfolio page of at least one other firm in this directory. Matched by company website, or by name where no website is published.

Firm	Shared	Companies in common
Intact Ventures	2	Snapsheet, CMT
Liberty Mutual Strategic Ventures	1	Snapsheet
Ping An Global Voyager Fund	1	Snapsheet
Allianz X	1	CMT

Companies backed by the most corporate VCs

Every company on the State Farm Ventures list

4 companies, as listed on the firm's own website.S4 Read the firm's list.

Cambridge Mobile Telematics
HopSkipDrive
Snapsheet
Whisker Labs

Official pages

Read the firm's own pages for current information.

Website ventures.statefarm.com/

Sources

Disclaimer and corrections

Not affiliated. This page is not affiliated with, endorsed by or sponsored by State Farm Ventures or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.

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