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State Farm Insurance company logo
Corporation
FINANCE | Insurance
statefarm.com

Investments

18

Portfolio Exits

8

Partners & Customers

10

Service Providers

3

About 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.

Headquarters Location

One State Farm Plaza

Bloomington, Illinois, 61710,

United States

800-782-8332

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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.

S

Synthetic Biology

382 items

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

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

Oak Lawn Vintage Car Auto Insurance With Collision & Theft Coverage Updated

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.

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State Farm Insurance Investments Activity

investments chart

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

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$99M

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10

11/8/2021

Grant - II

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$99M

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10

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

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Amount

$0.03M

$0.09M

$1,200M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

1

4

10

10

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

$99M

3

3/17/2008

Acquired

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$99M

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10

8/23/2005

IPO

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$99M

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0

7/1/2000

IPO

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$99M

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10

12/14/1999

IPO

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$99M

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0

Date

7/27/2021

3/17/2008

8/23/2005

7/1/2000

12/14/1999

Exit

Acquired

Acquired

IPO

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

10

0

10

0

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

$99M

$34.62M

Acquired

1

Date

9/17/2020

Investment Stage

Other Venture Capital

Companies

Valuation

$99M

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

United States

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10

7/12/2022

Partner

United States

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10

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

United States

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. .

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Sources

1

5

2

10

10

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

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Service Provider

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Associated Rounds

Acquired

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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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

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Name

Michael L. Tipsord

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Work History

Title

Chief Executive Officer, President

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Status

Current

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