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AV8 Ventures and Distributed Ventures co-lead $10m funding round in CoverTree

CoverTree, one of the first ever digital insurance solutions for residents of manufactured homes, has raised a total of $10 million in a seed funding round co-led by AV8 Ventures and Distributed Ventures.

Detroit Venture Partners, Ludlow Ventures, and Annox Capital also participated in the round. 
 
CoverTree will use funding for team growth, state and product line expansion, expansion of technology that includes distribution portals and further automated underwriting, as well as investment in the company’s major partners. 
 

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