CoverTree secures $13 million in a Series A funding round led by Portage to revolutionize manufactured home insurance.
Amount Raised
$13 Million
Round Type
Series A
DetroitInsuranceInvestors
Description
CoverTree, a leading insurtech company, has successfully completed a $13 million Series A funding round led by Portage. This investment will enable CoverTree to accelerate its mission of reshaping the home insurance sector and launching new enterprise software.
Quick answer
CoverTree raised $13 Million in a Series A round, dated May 9, 2024. Investors: Annox Capital, Ludlow Ventures, Detroit Venture Partners, Distributed Ventures, Av8 and Portage. CoverTree is based in Detroit, Michigan, United States.
- How much did CoverTree raise?
- CoverTree raised $13 Million in a Series A round on May 9, 2024.
- Who invested in CoverTree?
- Annox Capital, Ludlow Ventures, Detroit Venture Partners, Distributed Ventures, Av8 and Portage are named as investors in this round.
- 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.
- STP Group Holdings raised $2.5M on June 20, 2024.
- Peak3 (formerly ZA Tech) raised $35M (Series A) on June 19, 2024.
- Amplify raised $20M (Series B) on June 14, 2024.
- Continuity raised $11M (Series A) on June 6, 2024.
- Insurance Systems raised an undisclosed amount on June 6, 2024.
- Understory, Inc. raised $15M (Series A) on June 5, 2024.
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.
- An alert the day CoverTree raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at CoverTree, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at CoverTree. With Fundz connected, it knows.
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Fundz sees it the moment CoverTree raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansCoverTree 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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