State Farm, the largest insurer of cars and homes in the U.S., announced the launch of a $100 million venture capital initiative through its newly formed State Farm Ventures LLC.
State Farm Ventures will focus on investing in startups developing technologies and products in order to fulfill customer needs in ways they wouldn’t think possible with their insurance company. State Farm continually looks to evolve toward the future by finding new ways to provide more value to customers.
Led by Michael Remmes, State Farm Ventures will focus on several key areas, with the goal of providing new and innovative products
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