CoverTree
Get covered in minutes. Everything should be this easy.
Detroit, United States · Founded 2020 · $23.0M raised
- Headquarters
- Detroit, Michigan
- Employees
- 51–200
- Founded
- 2020
- Business Model
- B2C
- Website
- covertree.com
- Total Funding
- $23.0M
- Last Round
- $10.0M SeedMay 2024
- Rounds
- 2
About
CoverTree is a Detroit-based insurtech company founded in 2020 that specializes exclusively in manufactured home insurance, bringing digital distribution, automated underwriting, and data-driven pricing to the manufactured housing market. Unlike traditional insurers, CoverTree operates as a program administrator with policies underwritten by Markel American Insurance Company, allowing customers to get covered entirely online in minutes with savings of up to 40%. The company has raised $32.5 million in total funding and expanded its enterprise product suite to include Bonsai (agent portal) and Maple (AI lease compliance) tools for community operators and lenders.
Summary
CoverTree is a Fintech company based in Detroit, United States, founded in 2020. It has raised $23.0M in total across 2 rounds, most recently a $10.0M Seed round in May 2024. Investors include Portage Ventures.
Tech & App Stack
6 technologies & apps tracked
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Funding History
May 2024
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Seed through Series A — per-round amounts, valuations, and who invested in each round.
Investors
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