# State Farm Ventures

State Farm Ventures is a Venture Capital based in Bloomington, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Bloomington, United States
- **Region:** North America
- **Address:** Bloomington, IL, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** ventures.statefarm.com

## Regulatory record

- **Reports private funds:** No

## About

State Farm Ventures Office empowers select companies to create a better future for each of us. We look to collaborate with people who disrupt convention and help us all live smarter and safer lives. Read about our investment strategy and contact us to start a deeper conversation.

## Sectors

- InsurTech
- Mobility & Transportation
- PropTech
- Enterprise Software
- AI/ML
- Cybersecurity
- FinTech

## People

- Dan Krause — President, State Farm Ventures

## Questions

### How does State Farm Ventures source its deal flow?

The unit sources through a mix of inbound applications via its website, direct outreach to InsurTech and mobility founders, and co-investment networks with peer corporate VCs such as Nationwide Ventures and American Family Ventures. Its position inside State Farm also gives it visibility into claims data, agent feedback, and operational pain points that shape thematic hunting for relevant technology solutions.

### Is State Farm Ventures a standalone fund or part of the parent company?

It operates as a wholly-owned strategic arm of State Farm Mutual Automobile Insurance Company and invests directly off the parent's balance sheet. It does not raise outside capital or charge management fees to limited partners, making it structurally distinct from independent venture capital firms.

### What investment stages does State Farm Ventures target?

The firm invests primarily at seed and Series A stages, occasionally participating in Series B rounds for companies that have established pilot programs or commercial traction within State Farm's ecosystem. Its early-stage preference reflects a goal of shaping technology roadmaps before startups scale beyond insurance verticals.

### How is State Farm Ventures different from other InsurTech VCs?

It benefits from a permanent-capital mutual-company balance sheet rather than fund-lifecycle constraints, and its portfolio companies gain access to State Farm's agent network and claims infrastructure as a testing ground. This dual role — capital provider and potential distribution partner — separates it from pure-financial VCs in the InsurTech space.

### Who runs investment decisions at State Farm Ventures?

Dan Krause serves as President and leads the investment team from State Farm's Bloomington, Illinois headquarters. He reports through State Farm's executive structure rather than to a traditional venture capital investment committee, reflecting the unit's integration into the parent company's strategic planning function.

## Related profiles

- [State Auto Labs](https://altss.com/profile/state-auto-labs)
- [State of Mind Ventures](https://altss.com/profile/state-of-mind-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

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