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You are here: Home / Archives for Venture Capital

State Farm Venture Capital Arm Looks for Start-Ups to Fund

May 12, 2020 By CollisionWeek Editor

State Farm Ventures Investment Focus

State Farm Ventures highlighted its search for disruptive technologies that would benefit State Farm Policy holders and has added the ability to pitch ideas at its new website. State Farm Ventures, a wholly owned subsidiary of State Farm, launched in 2018 with a $100 million investment commitment and has already provided funding to nine companies. […]

Filed Under: News Tagged With: Claims Technology, State Farm, Venture Capital

Tractable Raises $25M in Series C Investment Round

February 27, 2020 By CollisionWeek Editor

Tractable, the technology company developing artificial intelligence (AI) for accident and disaster recovery, announced a $25 million Series C investment, led by Georgian Partners with participation from existing investors, including Insight Partners and Ignition Partners. The round nearly doubles the total raised by Tractable, to $55 million. The investment will be used to accelerate Tractable’s […]

Filed Under: News Tagged With: Artificial Intelligence, Claims Technology, Tractable, Venture Capital

New Mountain Capital Invests in Classic Collision

January 17, 2020 By CollisionWeek Editor

New Mountain Capital Invests in Classic Collision

Classic Collision, Inc., the Atlanta, Ga.-based multi-store operator (MSO) of 34 collision repair facilities in the Southeastern U.S., announced that it has partnered with New York-based New Mountain Capital, a growth-oriented investment firm with over $20 billion in assets under management. Terms of the transaction were not disclosed. Founded in 1983, Classic is currently the […]

Filed Under: News Tagged With: Acquisitions, Classic Collision, Georgia, New Mountain Capital, Venture Capital

State Farm Launches $100 Million Venture Capital Initiative

September 14, 2018 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: State Farm, Venture Capital

Root Insurance Raises $100 Million Funding, Enters Oregon Auto Insurance Market

August 23, 2018 By CollisionWeek Editor

Root Insurance, the car insurance company that incorporates individual driving behavior in every quote, announced yesterday $100 million in Series D funding. This latest round, led by Tiger Global Management, raises Root’s valuation to $1 billion and provides additional capital to deepen penetration in existing markets, expand into new states, and fuel hiring plans, with […]

Filed Under: News Tagged With: Openings, Root Insurance, Venture Capital

Huron Capital and Former Valspar Exec Form Adhesives and Sealants Company

September 26, 2017 By CollisionWeek Editor

Huron Capital has co-founded Brudner Polymer Corporation with David Brunori, former Business Director (Americas) for Valspar Automotive, to build a company in the adhesives and sealants industry. Through Brudner, Huron Capital plans to invest in technologically-advanced adhesive and sealant companies serving a variety of geographies and end markets.   The company will focus fragmented end markets […]

Filed Under: News Tagged With: Adhesives, Venture Capital

Toyota Research Institute Makes $100 Million Investment To Bring Disruptive Tech To Market Faster

July 12, 2017 By CollisionWeek Editor

Initial investments funding autonomous vehicle technology, artificial intelligence and robotics. The Toyota Research Institute (TRI) announced it is investing an initial $100 million to launch Toyota AI Ventures, a new corporate venture capital subsidiary designed to provide early-stage financing to startup technology companies. TRI launched the venture by contributing initial investments it has made in […]

Filed Under: News Tagged With: Artificial Intelligence, Autonomous Vehicles, Toyota Research Institute, Venture Capital

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