CoverTree
Detroit, US · Founded 2020 · Delaware corporation · 5 known investors
CoverTree offers home, renters, and landlord insurance products, providing coverage for home value, personal property, other structures, and belongings. It serves homeowners, renters, and property landlords.
FintechInsurTech
Founders & leadership
CoverTree was founded in 2020 by RISHIE MODI, DIVYANSH SHARMA, and ADARSH RACHMALE.
RM
RISHIE MODICo-founder
DS
DIVYANSH SHARMACo-founder
AR
ADARSH RACHMALECo-founder
Investors · 5
Reported raises · per SEC filings
Form D private placements$1.5M disclosed across 1 round · 2021
▶$1.5MraisedApr 2021 · 2 investors · InsuranceRule 506(b)
▶$1.5MraisedApr 2021 · 2 investors · Insurance
Rule 506(b)Officers, directors & promoters on the filing
- RISHIE MODIExecutive Officer, Director
- DIVYANSH SHARMAExecutive Officer, Director
- ADARSH RACHMALEExecutive Officer, Director
- Offering amount
- $2M
- Amount sold
- $1.5M
- First sale
- Apr 2021
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 2
by search overlap
Libertymutual567 shared keywordsLiberty Mutual is an insurance provider offering personal insurance products including car, home, homeowners, and renters coverage to consumers. The company provides online quotes, claims handling, and support through both its website and mobile app.
Policy Genius289 shared keywordsPolicygenius is an online insurance marketplace that provides consumers with free, tailored quotes and support from licensed agents across life, auto, home, and disability insurance. It helps individuals compare policies from multiple insurers and choose coverage that fits their needs.
Companies competing with CoverTree for the same Google search keywords, organic and paid, via search-intersection analysis.
Frequently asked questions
- What does CoverTree do?
- CoverTree offers home, renters, and landlord insurance products, providing coverage for home value, personal property, other structures, and belongings. It serves homeowners, renters, and property landlords.
- Who founded CoverTree?
- CoverTree was founded by RISHIE MODI, DIVYANSH SHARMA, ADARSH RACHMALE in 2020.
- Who are CoverTree's investors?
- CoverTree's investors include AV8 Ventures, Distributed Ventures, Everywhere Ventures, NFP, The Fund.
- How much funding has CoverTree raised?
- CoverTree has disclosed $1.5M raised across 1 round.
- Where is CoverTree headquartered?
- CoverTree is headquartered in Detroit, US.