# CoverTree funding: rounds and investors

> CoverTree has raised $13M across 1 round since 2024. Investors include Everywhere Ventures, Ludlow Ventures and Portage Ventures. Every round with its source.

Source: https://millionrounds.com/company/covertree (Millionrounds; every figure on the page links to its filing or article)

United States · [Series A startup](https://millionrounds.com/companies)

# Who invested in *CoverTree*

One round we have observed, with the 3 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Insurtech

Funding summary Updated 26 Oct 2026

**$13M** raised across 1 round since 2024, from 1 source

- **Latest round:** Series A, $13M May 2024
- **Investors:** 3

See who backed them

## The rounds

- **May 2024** Series A **$13M** [Everywhere Ventures](https://millionrounds.com/fund/everywhere-ventures) [Ludlow Ventures](https://millionrounds.com/fund/ludlow-ventures) [Portage Ventures](https://millionrounds.com/fund/portage-vc) Source recorded

## Founders and team

From the SEC filings it signed: 3 on the team.

- **Adarsh Rachmale** Executive Officer, Director i
- **Divyansh Sharma** Executive Officer, Director i
- **Rishie Modi** Executive Officer, Director i

## Everyone who backed them

[Everywhere Ventures](https://millionrounds.com/fund/everywhere-ventures) VC firm **1** round

[Ludlow Ventures](https://millionrounds.com/fund/ludlow-ventures) VC firm **1** round

[Portage Ventures](https://millionrounds.com/fund/portage-vc) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=covertree).

## Also claim to have backed them

These 4 firms list CoverTree as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[AV8](https://millionrounds.com/fund/av8-ventures) VC firm Per its own site

[NFP Ventures](https://millionrounds.com/fund/nfp-ventures) VC firm Per its own site

[Annox Capital](https://millionrounds.com/fund/annox-capital) VC firm Per its own site

[Distributed Ventures](https://millionrounds.com/fund/distributed-ventures) VC firm Per its own site

## Quick answers about CoverTree

### Who invested in CoverTree?

CoverTree's investors include Everywhere Ventures, Ludlow Ventures and Portage Ventures.

### How much has CoverTree raised?

CoverTree has raised $13M across 1 round since 2024.

### When did CoverTree last raise?

CoverTree's most recent round was a Series A of $13M in May 2024.

### What was CoverTree's biggest round?

Its most recent round, $13M in May 2024, is also its largest on record.

### Who backed CoverTree first?

CoverTree's first round on record, in May 2024, was backed by Everywhere Ventures, Ludlow Ventures and Portage Ventures.

### What stage is CoverTree at?

CoverTree's latest named round is a Series A, in May 2024.

### Where is CoverTree based?

CoverTree is based in the United States.

## Companies like CoverTree

In the same sector, and raised in the last eighteen months.

[**Stand** $105M · Oct 2026](https://millionrounds.com/company/stand)[**Ledgebrook** $265M · Oct 2026](https://millionrounds.com/company/ledgebrook)[**Charter Space** $5.0M · Oct 2026](https://millionrounds.com/company/charter-space)[**Beagle Labs** $7.8M · Sept 2026](https://millionrounds.com/company/beagle-labs)[**Angle Health** $1.2B · Sept 2026](https://millionrounds.com/company/angle-health)[**Corridor** $25M · Sept 2026](https://millionrounds.com/company/corridor)

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