State Farm has become the latest insurance firm to get involved in corporate venturing, launching a vehicle called State Farm Ventures.
US-based insurance firm State Farm formally launched a $100m corporate venture capital fund known as State Farm Ventures yesterday.
State Farm’s core business involves life, health, property and casualty insurance as well as financial services products, but it has also moved into areas such as home automation, connected care and backup energy technology.
The company has not disclosed any corporate venturing investments but it runs an open innovation and research hub called 485 Think Lab, and was one of 11…
