Fundz

Covertree Announces $10M In Funding, Launches Pioneering Digital Manufactured Home Insurance

PRIVATESep 19, 2022

Amount Raised

$10 Million

Round Type

Funding Round

DetroitInsurance

Description

CoverTree, one of the first ever digital insurance solution for residents of manufactured homes, today announced the launch of insurance coverage in Arizona, Indiana, Michigan, New Mexico, Ohio, Illinois, and Tennessee after raising a total of $10 million in venture funding. The $10 million Seed round was co-led by AV8 Ventures and Distributed Ventures with participation from Detroit Venture Partners, Ludlow Ventures, and Annox Capital.

Quick answer

CoverTree raised $10 Million in a Funding Round round, dated September 19, 2022. CoverTree is based in Detroit, Michigan, United States.

How much did CoverTree raise?
CoverTree raised $10 Million in a Funding Round round on September 19, 2022.
What does CoverTree do?
CoverTree is an insurtech company headquartered in Detroit, Michigan.
Where is CoverTree based and how big is it?
CoverTree is based in Detroit, Michigan, United States.
Who are the decision-makers at CoverTree?
Fundz holds 1 contact at CoverTree, including the CEO . Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Insurance around the same time

Companies in the same sectors as CoverTree that raised within 45 days of this round, from Fundz verified event records.

  • Cover Genius raised $70M (Funding Round) on November 1, 2022.
  • Kin Insurance raised $145M (Debt Financing) on October 28, 2022.
  • LogRock raised $2M (Seed) on October 27, 2022.
  • Perfuturo raised an undisclosed amount on October 13, 2022.
  • Elpha Secure raised $20M (Series A) on October 6, 2022.
  • Amplify raised an undisclosed amount on October 3, 2022.

Who to call at CoverTree, and when

A new round usually means CoverTree is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at CoverTree, from your own LinkedIn network

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Company Information

Company

CoverTree

Location

Detroit, Michigan, United States

About

CoverTree is an insurtech company headquartered in Detroit, Michigan. The company focuses on bringing digital distribution, automated underwriting, and data-driven pricing to specialty personal lines of insurance. CoverTree’s manufactured home product is available in Arizona, Michigan, Indiana, New Mexico, Ohio, Illinois, Tennessee, Texas, Arkansas, South Carolina, Kansas, Oklahoma, Georgia, and Alabama. Learn more at covertree.com.

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Related People

1 contact
Verified contactsAdarsh R., CEO hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for CoverTree's next move

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CoverTree raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.