State Farm Ventures is a venture capital subsidiary of State Farm. They were founded in 2018 with $100 million to invest. Led by Michael Remmes, State Farm Ventures seeks strategic investments in companies developing products and technologies to fulfill customer needs.
State Farm Ventures invested in HOMEE, a startup develop on-demand home services platform for homeowners and property managers, during their $15 million Series B in August 2019.
State Farm Ventures participated in Liveoak Technologies Series A which raised $8 million in June 2019. Liveoak Technologies is an enterprise cloud company.