# State Farm Ventures

> State Farm Ventures is a VC fund backing Software and Artificial Intelligence. See 32 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Bloomington, United States
- Total investments: 32
- Last investment: Jul 2025
- Lead investor: 34%
- Fund size: $100M
- Last fund: Sep 2018
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/showcase/state-farm-ventures
- Website: https://ventures.statefarm.com/

State Farm Ventures is a venture capital firm that invests in companies that disrupt conventional modes of operation to help each of individual live smarter and safer lives.

## Contacts

5 contacts available for State Farm Ventures. Shizune tracks 3 team members at State Farm Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/state-farm-ventures?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 12 | 38% |
| Artificial Intelligence | 7 | 22% |
| InsurTech | 5 | 16% |
| Automotive | 5 | 16% |
| Insurance | 4 | 13% |

55 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 10 | 31% |
| Series B | 4 | 13% |
| Series C | 3 | 9% |
| Series D | 3 | 9% |
| Funding Round | 3 | 9% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 19 | 59% |
| United Kingdom | 2 | 6% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Corey Schieler | Ventures Director | 0 | — |
| Michael Remmes | Ventures Executive | 11 | — |
| Nikhil Patel | Head of Ideation; Strategy and Scouting | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Car IQ | Car IQ’s cutting-edge payments platform eliminates the credit card completely and connects your vehicle directly to merchants to make secure payments. Car IQ integrates with existing tech stacks and uses telematics and vehicle data to provide fleets with detailed vehicle insights, enabling them to monitor each transaction and prevent fraud. Car IQconsolidates all transactions into a single ledger, reducing reconciliation and enabling fleets to manage their spending more effectively. | $8M | Venture - Series Unknown | Jul 29, 2025 |  |
| Lumai | Lumai delivers fully optical computing for a quicker, smarter and more sustainable world. Lumai power the revolution of fully optical computing by working at the nexus of photonics and machine learning. | $10M |  | Apr 02, 2025 |  |
| Lumai | Lumai delivers fully optical computing for a quicker, smarter and more sustainable world. Lumai power the revolution of fully optical computing by working at the nexus of photonics and machine learning. | $10M | Series A | Apr 02, 2025 |  |
| Insurevision.ai | Insurevision.ai revolutionizes insurance risk understanding using state of art CV Transformer AI | $2.7M | Seed | Mar 07, 2025 |  |
| OneClick Data | OneClick is a trusted data partner, dedicated to streamlining the code-sourcing process for all parties in the roofing industry while also increasing efficiency and transparency for all stakeholders in construction and restoration. OneClick Data, is the only platform to have blazed the trail for data automation of jurisdictional authority forbuilding codes, permit fees, taxes, and manufacturer specifications required for any address nationwide. OneClick Data has been serving customers in the contracting, insurance, and claim adjusting fields by providing instant access to trusted roofing codes, in the click of a button. Offering unique reports that can be easily shared between all stakeholders in the roofing claims industry, OneClick is adding value to all parties and empowering customers to save time and money on every claim. Welcome to restoration intelligence, automated. | $7.2M | Series A | Sep 26, 2024 |  |
| May Mobility | May Mobility specializes in autonomous vehicle technology development and deployment. The company's technology studies the city's traffic and commuter flow, identifying bottlenecks and gaps in the current public transit schema to design the optimal routes for communities. The company also offers a fleet operation service and providesdaily transit by deploying autonomous shuttles to reduce human error in driving, reduce pollution, and create greater economic benefit for communities and riders, enabling public transportation systems to create a safer, greener, more efficient environment. | $105M | Series D | Nov 07, 2023 |  |
| Snapsheet | Snapsheet is a pioneer in virtual appraisals and a leader in cloud-native claims management software, enabling the most innovative claims organizations to deliver the best experiences for customers. With a focus on engagement, digitization, and intelligent automation, Snapsheet provides unmatched technology and processes that improve customerexperience, drive greater organizational agility, and deliver transformational benefits through its Snapsheet Cloud software suite. Snapsheet leads the industry in claims innovation including the deployment of the fastest digital auto insurance claims process in the United States. As a trusted innovation partner, Snapsheet works with more than 100 clients, including many of the largest insurance carriers, third-party administrators, and insurtech and sharing economy disruptors. | $5M | Venture - Series Unknown | Jul 17, 2023 |  |
| PreAct Technologies | PreAct Technologies aims to bridge the gap between collision avoidance systems and active safety technology. Every millisecond matters before a crash, and our patent-pending suite of sensor technologies, computing systems, and unique countermeasure algorithms aim to drastically reduce fatalities and injuries in a crash. Their Portland-based firmleverages existing vehicle infrastructure to predict and prepare both a vehicle and its occupants for an imminent collision. This alone can reduce the majority of injuries from the most common types of crashes while saving the industry billions of dollars annually.Seasoned automotive experts lead PreAct Technologies, with the engineering team comprised of leaders in computer vision, optics, and parallel processing. It arose from more than 15 years of DARPA-funded research in high-speed optics and computing systems and a major investment from Artis Corporation, the leading US provider of military active protection systems. | $6M | Series B | Apr 25, 2023 |  |
| Car IQ | Car IQ’s cutting-edge payments platform eliminates the credit card completely and connects your vehicle directly to merchants to make secure payments. Car IQ integrates with existing tech stacks and uses telematics and vehicle data to provide fleets with detailed vehicle insights, enabling them to monitor each transaction and prevent fraud. Car IQconsolidates all transactions into a single ledger, reducing reconciliation and enabling fleets to manage their spending more effectively. | $15M | Series B | Feb 07, 2023 |  |
| PreAct Technologies | PreAct Technologies aims to bridge the gap between collision avoidance systems and active safety technology. Every millisecond matters before a crash, and our patent-pending suite of sensor technologies, computing systems, and unique countermeasure algorithms aim to drastically reduce fatalities and injuries in a crash. Their Portland-based firmleverages existing vehicle infrastructure to predict and prepare both a vehicle and its occupants for an imminent collision. This alone can reduce the majority of injuries from the most common types of crashes while saving the industry billions of dollars annually.Seasoned automotive experts lead PreAct Technologies, with the engineering team comprised of leaders in computer vision, optics, and parallel processing. It arose from more than 15 years of DARPA-funded research in high-speed optics and computing systems and a major investment from Artis Corporation, the leading US provider of military active protection systems. | $14M | Series B | Dec 30, 2022 |  |

10 of 32 investments shown.

## Co-investors
- [Forté Ventures](https://shizune.co/investors/profile/forte-ventures) — VC Fund, 5 deals together
- [Luminate](https://shizune.co/investors/profile/luminate-cd00) — VC Fund, 4 deals together
- [Constructor Capital](https://shizune.co/investors/profile/constructor-capital) — VC Fund, 3 deals together
- [Cyrus Capital Partners](https://shizune.co/investors/profile/cyrus-capital-partners) — VC Fund, 3 deals together
- [Liberty Mutual Strategic Ventures](https://shizune.co/investors/profile/liberty-mutual-strategic-ventures) — VC Fund, 3 deals together
- [TELUS Global Ventures](https://shizune.co/investors/profile/telus-ventures) — VC Fund, 3 deals together

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## FAQ

### What does State Farm Ventures invest in?

State Farm Ventures invests primarily in Software, Artificial Intelligence and InsurTech startups, most often at Series A and Series B stage. Most of the 32 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact State Farm Ventures?

Public channels for State Farm Ventures include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at State Farm Ventures?

The team at State Farm Ventures includes Corey Schieler (Ventures Director), Michael Remmes (Ventures Executive) and Nikhil Patel (Head of Ideation; Strategy and Scouting). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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