CoverTree: Funding, Investors & Team (Sep 2026)
CoverTree is an insurtech MGA focused on middle America and manufactured homes.
CoverTree has raised $23.0M across 2 funding rounds on record, the most recent a Series A of $13.0M announced in May 2024.
That round is above the $7.5M median round size for Consumer Electronics companies tracked on FundedIQ over the last two years.
CoverTree Company Profile and Key Stats
Latest funding round on record: May 2024.
CoverTree Funding Rounds
CoverTree raised $10.0M in a Seed announced in Sep 2022.
1.7 years later, a Series A of $13.0M was announced in May 2024.
CoverTree Founders and Leadership Team
No contact details are on record for this team yet.
CoverTree Funding Compared to Other Consumer Electronics Startups
CoverTree's latest round of $13.0M is above the median round in Consumer Electronics. Medians cover the last 24 months of disclosed rounds.
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CoverTree Funding FAQs
What does CoverTree do?
CoverTree is an insurtech MGA focused on middle America and manufactured homes.
How much funding has CoverTree raised?
CoverTree has raised $23.0M across 2 rounds on record. The most recent is a Series A of $13.0M announced in May 2024.
When did CoverTree last raise funding?
CoverTree's most recent funding round on record is a Series A of $13.0M, announced in May 2024.
Who founded CoverTree?
FundedIQ lists Adarsh Rachmale (Founder) at CoverTree.
Where is CoverTree headquartered?
CoverTree is based in Detroit, Michigan, United States.
How many employees does CoverTree have?
CoverTree is in the 11-50 employee band.
How does CoverTree's funding compare to other Consumer Electronics startups?
CoverTree's latest round of $13.0M is above the $7.5M median round size for Consumer Electronics companies on FundedIQ across 1,547 tracked companies over the last two years.
About FundedIQ's CoverTree Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for CoverTree is left off this page rather than filled in.
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