CoverTree logo — Insurtech for Middle America

CoverTree

Insurtech for Middle America

Founded 2020 United States Detroit, United States 54 employees Series A Total: $23.00M Insurance, Insurtech +1

General Information

Company Name CoverTree
Founded Year 2020
Location United States Detroit, United States
Employees 54
Industries Insurance, Insurtech, Prop Tech
Funding Stage Series A
Social

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About CoverTree

CoverTree is an Insurtech startup, founded in 2020, headquartered in the United States. The company's slogan "Insurtech for Middle America" encapsulates its mission to provide innovative insurance solutions tailored to middle America and specialty insurance lines. CoverTree Inc aims to revolutionize manufactured home insurance by making it easy, modern, and affordable. Their focus on homes built in a factory, including modular homes, tiny homes, and ADUs, sets them apart in the market. Their approach allows customers to purchase insurance plans online with potential savings of up to 40%. In their latest funding round, CoverTree secured a significant $13.00M Series A investment on 09 May 2024. The investment came from a consortium of prominent investors including AV8 Ventures, Detroit Venture Partners, Ludlow Ventures, Portage Ventures, Annox Capital, and Distributed Ventures. This substantial investment exemplifies the confidence of seasoned venture capital firms in CoverTree's vision and potential for growth in the dynamic Insurtech sector.

Business keywords: Insurtech, P/C Insurance, MGA, Middle America, Manufactured Home Insurance, Specialty Insurance, Affordable Insurance, Online Purchase, Savings, Modular Homes, Tiny Homes, ADUs

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $13.00M 6
AV8 Ventures, Detroit Venture Partners +4
09 May 2024
Seed Round $8.00M 4
AV8 Ventures, Ludlow Ventures +2
18 May 2022
Pre Seed Round $2.00M -
10 May 2021

CoverTree Alternatives & Competitors

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CoverTree vs
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FAQ About CoverTree

Insurtech for Middle America
CoverTree was founded in 2020.
CoverTree is headquartered in Detroit, United States.
CoverTree operates in Insurance, Insurtech and Prop Tech. Its work centres on Insurtech, P/C Insurance, MGA and Middle America.
CoverTree has approximately 54 employees.
CoverTree has completed 3 funding rounds, raising a total of $23.00M. The latest funding stage is Series A.
Top alternatives and competitors to CoverTree include INSHUR, Kanopi, Socios.com, Tuio, Ledgebrook. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
CoverTree and INSHUR are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for CoverTree, https://bouncewatch.com/company/covertree, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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