Startup profile for CoverTree: what they do, why they are interesting, stage (series a), industries, and links to our funding articles. Part of the Venture Capital Tracker startup directory.
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CoverTree

Insurtech for manufactured-home insurance — digital distribution, underwriting, and agent tools.

Stage

series a

Status

private

Coverage

full

Overview

CoverTree is a Detroit insurtech focused on manufactured-home insurance, combining digital distribution, automated underwriting, and data-driven pricing. Products/tools publicly described include Maple (resident insurance management for property managers), Bonsai (binding/underwriting for agents and lenders), and Sequoia (automated quoting/book conversion). In May 2024 the company closed a $13 million Series A led by Portage, with AV8, Distributed Ventures, Detroit Venture Partners, Ludlow Ventures, Annox Capital, and others; total funding cited around $23M at announcement (later company materials have cited higher cumulative raises).

Why CoverTree is interesting

Detroit specialty insurtech that raised a $13M Series A (May 2024) led by Portage, with Detroit Venture Partners and Ludlow Ventures participating — modernizing an overlooked personal-lines niche.

Product & use cases

Specialty personal-lines insurtech stack for manufactured homes — quoting, agent binding, and property-manager resident insurance tools.

  • Independent agents binding manufactured-home policies
  • Property managers enforcing resident insurance compliance
  • Carriers converting books with automated underwriting

Key facts

  • Series A (May 2024): $13M led by Portage (Business Wire)
  • Participants included Detroit Venture Partners and Ludlow Ventures
  • Enterprise suite: Maple, Bonsai, Sequoia for manufactured-home insurance workflows
  • Detroit HQ; multi-state manufactured home product availability cited at raise

Fundraising history

Series A

2024-05 $13M

Source: https://www.businesswire.com/news/home/20240509918079/en/CoverTree-Secures-%2413-Million-in-Series-A-Funding-to-Revolutionize-Manufactured-Home-Insurance

Investors in our directory

Funds linked from CoverTree's profile — open a fund page for stage focus and related deal articles.

Detroit Venture Partners Ludlow Ventures

Competitive landscape

Edge: Narrow focus on manufactured housing insurance with Detroit-built distribution software.

  • Traditional MH insurers / MGAs incumbent

    Legacy specialty carriers and agencies.

  • Hippo / other digital homeowners adjacent

    Digital home insurers less focused on manufactured housing.

  • Agency management systems adjacent

    General AMS tools without MH specialty depth.

Industries

Fintech Enterprise SaaS

Related funding articles

Venture Capital Tracker pieces that cover CoverTree's financing or category context.

FAQs about CoverTree

Practical answers founders, operators, and investors typically search for.

Insurtech for manufactured-home insurance — digital quoting, agent tools, and resident insurance workflows.
Detroit, MI.
$13M in May 2024 led by Portage.
Detroit Venture Partners and Ludlow Ventures participated.
No — private as of July 2026.
series-a
Maple, Bonsai, and Sequoia for property managers, agents/lenders, and book conversion.
https://covertree.com
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Last updated: 2026-07-26