CoverTree
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Overview
CoverTree offers a digital insurance solution for manufactured home residents. The company's primary goal is to bring digital distribution, automated underwriting, and data-driven pricing to specialty personal lines of insurance. CoverTree’s manufactured home product is available in Arizona, Indiana, Michigan, New Mexico, Ohio, Illinois, and Tennessee.
The company is headquartered in Detroit, Michigan.
About
Industries
InsurTech, Insurance, Property Management, Smart Home, Construction, Property Insurance
Founded
2020
Employees
11-50
Headquarters locations
United States, North America
Social
N/A
Profile Resume
CoverTree headquartered in United States, North America, operates in the InsurTech, Insurance, Property Management, Smart Home, Construction, Property Insurance sector. The company focuses on InsurTech and has secured $1.7B in funding across 72 round(s). With a team of 11-50 employees, CoverTree is actively contributing to advancements in InsurTech. Their latest funding round, Series A - CoverTree, raised $13.0M. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
Funding rounds
3
Investors
6
Lead Investors
0
Total Funding Amount
$23.0M
Details
3
CoverTree has raised a total of $23.0M in funding over 3 rounds.
| Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
|---|---|---|---|---|
| 2022 | Seed | 8.0M | ||
| 2021 | Seed | 2.0M | ||
| 2024 | Early Stage Venture | 13.0M |
Investors
CoverTree is funded by 19 investors.
| Investor Name | Lead Investor | Funding Round | Partners |
|---|---|---|---|
| CoverTree | - | FUNDING ROUND - CoverTree | 13.0M |
| Portage Ventures | - | FUNDING ROUND - Portage Ventures | 13.0M |
| Detroit Venture Partners | - | FUNDING ROUND - Detroit Venture Partners | 13.0M |
| CoverTree | - | FUNDING ROUND - CoverTree | 13.0M |
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