
Investments
18Portfolio Exits
8Partners & Customers
10Service Providers
3About State Farm Insurance
State Farm Insurance is an insurance company. It provides insurance for cars, motorcycles, boats, commercial automobiles, and more. The company also provides life, health, and disability insurance. Additionally, it offers banking and investment services such as brokerage. The company was founded in 1922 and is based in Bloomington, Illinois.
Expert Collections containing State Farm Insurance
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find State Farm Insurance in 2 Expert Collections, including Synthetic Biology.
Synthetic Biology
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Fortune 500 Investor list
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Research containing State Farm Insurance
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned State Farm Insurance in 3 CB Insights research briefs, most recently on Jul 20, 2023.

Latest State Farm Insurance News
Nov 29, 2023
Share Owners of classic and antique cars in Oak Lawn, Illinois, can get comprehensive auto insurance for their vehicles by taking advantage of Jerry Carter, State Farm Insurance's (1-708-424-5848) recently expanded service. Oak Lawn, United States - November 28, 2023 /PressCable/ — As part of its expanded vintage auto insurance offering, Jerry Carter of State Farm Insurance offers comprehensive coverage for collisions, theft, and emergency road services. More information is available at https://insurewithjerry.com With its updated policy range, Jerry Carter and his team help classic and antique car owners in Oak Lawn, Illinois make sure their cars are covered whenever they attend events and shows, as well as when driving for pleasure. Owning a vintage car is a passion for many individuals, and getting them insured is crucial as they often cost more to repair than regular daily-use vehicles. Furthermore, as vintage cars can be a highly prized target for theft, a proper insurance policy can help alleviate the financial risk of ownership. By providing owners with various auto insurance options, State Farm insurance agent Jerry Carter wants to ensure that owners of rare vehicles are adequately insured as well. When partnering with State Farm, Carter’s team will first determine if a client’s vintage car is classified as ‘antique’ or ‘classic’ depending on its age. In regards to insurance, a classic car is classified as being 10-24 years old with historical interest, while antique cars are those over 24 years old, with each having their own specific coverage types. Jerry Carter and his team will then help clients find the right auto insurance plan based on an agreed value for their vehicle and deductible amounts. In addition to protection for collisions, theft, and emergency services, the policy can also include coverage for medical payments, liability insurance, and accidents involving an under or uninsured motorist. Having been working in the industry for over 20 years, Jerry Carter has significant experience in helping clients in and around Oak Lawn get comprehensive insurance plans. Alongside cars, the team also offers insurance options for motorcycles, recreational vehicles, homeowners, condos, renters, businesses, life, and pets. When speaking of Jerry Carter, a recent client said, “They were fantastic in guiding me through everything I needed to begin my auto and home policies with State Farm. We’re lucky to have such competent agents so close by in Oak Lawn.” Interested parties can find more information by visiting https://insurewithjerry.com Contact Info:
State Farm Insurance Investments
18 Investments
State Farm Insurance has made 18 investments. Their latest investment was in CLEAR Alliance as part of their Grant on August 8, 2023.

State Farm Insurance Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
8/15/2023 | Grant | CLEAR Alliance | $0.03M | Yes | 1 | |
6/1/2023 | Grant - VIII | Pace Center for Girls | $0.09M | No | 1 | |
9/6/2022 | PIPE | ADT Security Services | $1,200M | Yes | 4 | |
4/20/2022 | Grant - III | |||||
11/8/2021 | Grant - II |
Date | 8/15/2023 | 6/1/2023 | 9/6/2022 | 4/20/2022 | 11/8/2021 |
---|---|---|---|---|---|
Round | Grant | Grant - VIII | PIPE | Grant - III | Grant - II |
Company | CLEAR Alliance | Pace Center for Girls | ADT Security Services | ||
Amount | $0.03M | $0.09M | $1,200M | ||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 4 |
State Farm Insurance Portfolio Exits
8 Portfolio Exits
State Farm Insurance has 8 portfolio exits. Their latest portfolio exit was Tepha on July 27, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
7/27/2021 | Acquired | 3 | |||
Date | 7/27/2021 | ||||
---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 |
State Farm Insurance Acquisitions
1 Acquisition
State Farm Insurance acquired 1 company. Their latest acquisition was Gainsco on September 17, 2020.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
9/17/2020 | Other Venture Capital | $34.62M | Acquired | 1 |
Date | 9/17/2020 |
---|---|
Investment Stage | Other Venture Capital |
Companies | |
Valuation | |
Total Funding | $34.62M |
Note | Acquired |
Sources | 1 |
State Farm Insurance Partners & Customers
10 Partners and customers
State Farm Insurance has 10 strategic partners and customers. State Farm Insurance recently partnered with Pershing on January 1, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
1/18/2023 | Partner | United States | Pershing adds State Farm, BNY Mellon stays bullish on crypto tech Representatives for Pershing and State Farm Insurance did n't immediately respond to a request for any additional specific metrics relating to the size of the firms ' clearing and custody relationship . | 1 | |
1/13/2023 | Vendor | India | HCL Tech to modernise IT operations for State Farm HCL Technologies has been selected by State Farm , a provider of auto , home , and commercial insurance , to modernise its IT service desk and infrastructure operations , according to a statement . | 5 | |
12/7/2022 | Vendor | United States | State Farm® Signs Agreement with Constellation to Purchase Renewable Energy. BLOOMINGTON , IL -LRB- Dec. 7 , 2022 -RRB- -- State Farm today announced a 50 megawatt agreement with Constellation Energy Corporation to purchase zero-emission , renewable energy equivalent to the annual electricity use of its corporate headquarters , operations center and other facilities in Bloomington , Ill. . | 2 | |
11/29/2022 | Partner | ||||
7/12/2022 | Partner |
Date | 1/18/2023 | 1/13/2023 | 12/7/2022 | 11/29/2022 | 7/12/2022 |
---|---|---|---|---|---|
Type | Partner | Vendor | Vendor | Partner | Partner |
Business Partner | |||||
Country | United States | India | United States | ||
News Snippet | Pershing adds State Farm, BNY Mellon stays bullish on crypto tech Representatives for Pershing and State Farm Insurance did n't immediately respond to a request for any additional specific metrics relating to the size of the firms ' clearing and custody relationship . | HCL Tech to modernise IT operations for State Farm HCL Technologies has been selected by State Farm , a provider of auto , home , and commercial insurance , to modernise its IT service desk and infrastructure operations , according to a statement . | State Farm® Signs Agreement with Constellation to Purchase Renewable Energy. BLOOMINGTON , IL -LRB- Dec. 7 , 2022 -RRB- -- State Farm today announced a 50 megawatt agreement with Constellation Energy Corporation to purchase zero-emission , renewable energy equivalent to the annual electricity use of its corporate headquarters , operations center and other facilities in Bloomington , Ill. . | ||
Sources | 1 | 5 | 2 |
State Farm Insurance Service Providers
3 Service Providers
State Farm Insurance has 3 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Acquired | Investment Bank | Financial Advisor | |
Service Provider | |||
---|---|---|---|
Associated Rounds | Acquired | ||
Provider Type | Investment Bank | ||
Service Type | Financial Advisor |
Partnership data by VentureSource
State Farm Insurance Team
56 Team Members
State Farm Insurance has 56 team members, including current Chief Executive Officer, President, Michael L. Tipsord.
Name | Work History | Title | Status |
---|---|---|---|
Michael L. Tipsord | Chief Executive Officer, President | Current | |
Name | Michael L. Tipsord | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer, President | ||||
Status | Current |
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