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
Transaction Type
Venture Equity
Series A
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
Mailing Address
4521 Highwoods Pkwy.
Glen Allen, VA 23060
Email Address
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%.
CoverTree LinkedIn Company Profile
Social Media
CoverTree Company Twitter Account
Company News
CoverTree News
CoverTree on Facebook
CoverTree on YouTube

Management Team

Email & Social
Chief Executive Officer
Adarsh Rachmale
  Adarsh Rachmale LinkedIn Profile  Adarsh Rachmale Twitter Account  Adarsh Rachmale News  Adarsh Rachmale on Facebook
Chief Technical Officer
Divyansh Sharma
  Divyansh Sharma LinkedIn Profile  Divyansh Sharma Twitter Account  Divyansh Sharma News  Divyansh Sharma on Facebook
Rishie Modi
  Rishie Modi LinkedIn Profile  Rishie Modi Twitter Account  Rishie Modi News  Rishie Modi on Facebook



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, an affiliated venture.


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