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Jan. 24, 2024

#27: He Raised $23M To Disrupt Manafactured Home Insurance

#27: He Raised $23M To Disrupt Manafactured Home Insurance

Michael and Simmy dive into a niche insurtech startup

In #27, Michael Sikand (@michaelsikand) and Simran Sandhu (@_simmy_) discuss the co-founders of Covertree: Adarsh Rachmale (25), Divyansh Sharma (25), and Rishie Modi (37). After the guys graduated college, they decided they wanted a startup idea that targeted Middle America and that tech was completely ignoring. They found it in the insurance tech space with their company CoverTree, which specializes in insuring manafactured homes (also known as pre-fab houses). So far they've raised $23M in total, notched partnerships with Blackstone and Rocket Mortgage for distribution, and now help insure hundreds of millions worth of property.


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Our Future Podcast is a production of Morning Brew.

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