About State Farm
State Farm is a company based in Bloomington (United States) founded in 1922.. State Farm has raised $66.94 million across 1 funding round. State Farm has completed 1 acquisition, including GAINSCO. State Farm offers products and services including Auto Insurance, Home Insurance, Life Insurance, and Renters Insurance. State Farm operates in a competitive market with competitors including HUB International, AXIS Capital, Manulife, Assurant and Prudential, among others.
- Headquarter Bloomington, United States
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Sectors
Financial Services
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Phone
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Website
*********
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Social
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- Legal Name State Farm Mutual Automobile Insurance Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$66.94 M (USD)
in 1 rounds
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Latest Funding Round
$66.94 M (USD), Series C
Jan 01, 2017
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of State Farm
State Farm offers a comprehensive portfolio of products and services, including Auto Insurance, Home Insurance, Life Insurance, and Renters Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides coverage for vehicles with discounts and claims support
Offers protection for homes and belongings against damages
Delivers financial security for individuals and families
Covers personal items and liability for renters
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Software Development Team
149 people
Leadership Team
71 people
Sales and Marketing
51 people
Agent Team
36 people
Claims Team
25 people
Operations Team
21 people
Human Resources and Administration
21 people
Legal and Compliance
15 people
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Funding Insights of State Farm
State Farm has successfully raised a total of $66.94M through 1 strategic funding round. The most recent funding activity was a Series C round of $66.94 million completed in January 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series C — $66.9M
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First Round
First Round
(01 Jan 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2017 | Amount | Series C - State Farm | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by State Farm
State Farm has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include GAINSCO. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Auto insurance carrier
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1978 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - State Farm
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
State Farm Comparisons
Competitors of State Farm
State Farm operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HUB International, AXIS Capital, Manulife, Assurant and Prudential, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Investment advisory, insurance distribution, and risk management services are provided.
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| domain | founded_year | HQ Location |
Diversified insurance services are provided across global markets.
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| domain | founded_year | HQ Location |
Life insurance and diversified asset management services are provided.
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| domain | founded_year | HQ Location |
Homeowner, rental, vehicle, flood, and travel insurance services are provided.
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| domain | founded_year | HQ Location |
Life, health, and financial insurance services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on State Farm
Frequently Asked Questions about State Farm
When was State Farm founded?
State Farm was founded in 1922 and raised its 1st funding round 95 years after it was founded.
Where is State Farm located?
State Farm is headquartered in Bloomington, United States. It is registered at Bloomington, Indiana, United States.
Is State Farm a funded company?
State Farm is a funded company, having raised a total of $66.94M across 1 funding round to date. The company's 1st funding round was a Series C of $66.94M, raised on Jan 01, 2017.
What does State Farm do?
State Farm was founded in 1922 in Bloomington, United States, within the insurance and financial services sector. Operations encompass auto, life, health, home, and renters insurance, alongside mortgage loans, vehicle financing, credit cards, banking, mutual funds, and retirement accounts. These offerings serve both individual and business clients across the country. In 2022, revenues reached 89.32 billion, with a net loss of 6.65 billion reported.
Who are the top competitors of State Farm?
State Farm's top competitors include HUB International, AXIS Capital and Assurant.
What products or services does State Farm offer?
State Farm offers Auto Insurance, Home Insurance, Life Insurance, and Renters Insurance.
How many acquisitions has State Farm made?
State Farm has made 1 acquisition, including GAINSCO.
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