CVC  State Farm Ventures

https://ventures.statefarm.com/





     Office Locations:

One State Farm Plaza
Bloomington, IL 61710

 

Stages:

  • Early


 

Industries:

  • Financial Services
  • Information Technology
  • Software & Internet

  •  

    Description:

    State Farm Ventures was created to help State Farm insurance accelerate its innovation efforts. The firm considers investments in any development stage, with a limit of $5 million. The firm targets investments in Mobility & Transportation, Residential IoT, InsurTech/Fintech, Computer Vision/AI, Blockchain, and Senior Living.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Corey Schieler Ventures Director
    Heather Reginelli Ventures Manager
    Michael Remmes Ventures Executive

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      11/07/2023


      May Mobility


      MI


      $105,000,000


      Series D


      04/25/2023


      PreAct Technologies


      OR


      $6,000,000


      Series B


     

    Portfolio companies include:


      Cape Analytics
        web link


      Car IQ


      Elpha Secure
        web link


      Get Covered
        web link


      Homee


      HopSkipDrive


      HOVER


      LiveOak Technologies
        web link


      May Mobility
        web link


      Nexar


      PreAct Technologies
        web link


      Replicant
        web link


     

    Recent News: