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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

B2C

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

Historical Pricing

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Caplight Momentum Score

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CoverTree Comparables

Compare CoverTree with similar companies based on industry and business-model similarity.

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

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jul 27, 2026

    Monthly visitors increased 45% MoM.

  • May 9, 2024

    $13M round led by Portage

CoverTree Filings

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CoverTree filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

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

Is CoverTree a public or private company?

CoverTree is a private company.

What is the current stock price of CoverTree?

CoverTree is a private company with no public stock price. No recent secondary market data is available.

How much is CoverTree worth (valuation)?

Valuation information for CoverTree is not publicly available.

Can I buy CoverTree stock?

CoverTree shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was CoverTree's last funding round?

CoverTree's most recent funding round was Series A on May 9, 2024.

Who are the main investors in CoverTree?

Key investors in CoverTree include Distributed Ventures, Portage, AV8 Ventures, Portage.

Will CoverTree IPO soon?

No public IPO plans have been announced for CoverTree.

How can I track CoverTree secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor CoverTree's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersDetroit, Michigan
Employee Range42
Year Founded2020
Last FundingMay 9, 2024

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