Tech Company Financing Transactions
CoverTree Funding Round
Portage, Annox Capital Management and AV8 Ventures joined a $13 million Series A venture round for CoverTree. This VC investment round was recorded on 5/9/2024.
Transaction Overview
Company Name
Announced On
5/9/2024
Transaction Type
Venture Equity
Amount
$13,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to further build out an enterprise suite including the launch of Maple, a resident insurance management software for property managers, Bonsai, a binding and underwriting platform for independent agents and lenders, and Sequoia, an automated underwriting and quoting system for insurance book conversions.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
4521 Highwoods Pkwy.
Glen Allen, VA 23060
USA
Glen Allen, VA 23060
USA
Phone
Website
Email Address
Overview
At CoverTree, we believe manufactured home insurance should be easy, modern, and affordable. So that's the way we made it. Unlike other providers, we only cover manufactured homes. It's our one and only specialty. And because we're so focused, we do it so much better--with plans you can purchase right online and savings up to 40%.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Adarsh Rachmale
Chief Technical Officer
Divyansh Sharma
Co-Founder
Rishie Modi
Browse more venture capital transactions:
Prev: 5/9/2024: Triomics venture capital transaction
Next: 5/9/2024: Attovia Therapeutics venture capital transaction
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Where The Data Comes From
Our team works diligently to report on funding rounds that are announced publicly. VC investment data records reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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