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CoverTree

CoverTree

Private
Detroit, MichiganFinTechhttps://covertree.com/

Last Round

Series A

May 9, 2024

Total Funding Raised

$23M

Company Overview

CoverTree is an insurance technology company that provides digital insurance services and automated underwriting solutions specifically designed for residents of manufactured homes.

Sector

FinTech

Verticals

InsurTech, Home & Lifestyle

Business Model

B2B2C

Customer Profile

Services & Consulting, Subscription SaaS

AI Layer

Application

Keywords

manufactured home insuranceinsurtechdigital insurancemanaging general agentMGAautomated underwritingmobile home insuranceproperty and casualtyP&C insuranceembedded insurancedata-driven underwritinginsurance SaaSproptechdirect-to-consumer insuranceD2C insurance

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CoverTree Comparables

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CoverTree comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Zurich Insurance Group
76%
HomeFirst Agency, Inc.
76%
Cavco Industries Inc
75%

CoverTree Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series AMay 9, 2024
SeedSep 19, 2022

Key People

Founding team and executive leadership

Rishie Modi

Co-Founder, COO

Founding Team

Adarsh Rachmale

Co-Founder CEO

Founding Team

Ian McCreadie

Chief Financial Officer

Executive Team

CoverTree Investors

Notable investors and investment history

CoverTree investors
InvestorRounds
Distributed VenturesSeries A, Seed
PortageSeries A
Ludlow VenturesSeed, Series A
Annox CapitalSeed, Series A
AV8 VenturesSeries A, Seed
Detroit Venture PartnersSeed, Series A
PortageSeries A

CoverTree Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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CoverTree Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about CoverTree's valuation, stock price, and market status.

Firmographic Details

HeadquartersDetroit, Michigan
Employee Range54
Year Founded2020
Last FundingMay 9, 2024

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