State Farm Ventures invests in startups developing technologies and products that align with State Farm's strategic goals, focusing on areas such as mobility & transportation, residential & IoT, insurtech/fintech, and artificial intelligence. The firm seeks to support innovation that helps customers live smarter, safer, and better lives by disrupting conventional operations within the insurance industry.
Average disclosed round size is $40.9M (across 10 rounds with reported amounts).
Portfolio
11
Fund Size
$200M
Top Stage
Series B
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
11 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Lumai | Unknown | $9.2M | Apr 2025 |
 May Mobility | Series D | $105M | Nov 2023 |
 Snapsheet | Unknown | — | Jul 2023 |
 PreAct Technologies | Series B | $20M | Apr 2023 |
 Car IQ Inc. | Series B | $15M | Feb 2023 |
 Get Covered | Series A | $6M | Dec 2022 |
| May Mobility | Series C | $111M | Jul 2022 |
 Owl Autonomous Imaging | Series A | $15M | Jan 2022 |
 Nexar | Series D | $53M | Nov 2021 |
| Car IQ Inc. | Series B | $15M | Aug 2021 |
 HOVER | Series D | $60M | Nov 2020 |
Top Co-Investors
TELUS Global Ventures2 shared
Toyota2 shared
Constructor Capital1 shared
IP Group1 shared
PhotonVentures1 shared
LIFTT1 shared
Visa1 shared
Luminate1 shared
Ally Financial1 shared
Alpana Ventures1 shared
Citi Ventures1 shared
Quest1 shared
Scrum Ventures1 shared
Tokio Marine1 shared
Toyota Tsusho1 shared
Bridgestone Americas1 shared
LG1 shared
Maven1 shared
SoftBank Vision Fund1 shared
Last updated: 12 April 2026