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Coverbase
San Francisco, US · Delaware corporation · 6 known investors
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Coverbase offers a platform for third-party risk management (TPRM), procurement, and security, using AI-guided automation for supplier intake, due diligence, and continuous monitoring. It targets risk-aware industries such as finance, insurance, fintech, and healthcare, serving procurement leaders, risk officers, and CISOs.
Founders & leadership
CC
Clarence ChioCofounder & CEOHe previously cofounded Unit21, where he served as CTO and later president from 2018 to 2023, and worked as a senior software engineer at Shape Security. He has taught security and machine learning as an adjunct professor at UC Berkeley since 2019 and is an author with O'Reilly Media.
ZC
Zi Chong KaoFounder
WF
Investors · 6
Canapi Ventureslisted by Canapi VenturesNew York
How we know: Canapi Ventures's portfolio page · board seat on SEC Form D · citybiz.co · funding news · Not right? Tell us
Fikalisted by FikaCulver City · $1M – $10M
How we know: Fika's portfolio page · the VCSheet dataset · Not right? Tell us
Pear VClisted by Pear VCSan Francisco · $150K – $4M
How we know: coverbase.com · pear.vc · open dataset · 5k.vc investor directory · Not right? Tell us
Fika VenturesreportedCulver City · $250K – $2M
How we know: funding news · coverbase.com · Not right? Tell us
TTV CapitalreportedAtlanta · $250K – $7M
How we know: funding news · coverbase.com · Not right? Tell us
Also in the syndicate · 1
Valley Ventures
Reported raises · per SEC filings
Form D private placements$16.3M disclosed across 1 round · 2025
▶$16.3MraisedAug 2026 · 39 investors · Other TechnologyRule 506(b)
▶$16.3MraisedAug 2026 · 39 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Clarence ChioExecutive Officer, Director
- Zi Chong KaoExecutive Officer, Director
- Walker ForehandDirector
- Offering amount
- $16.3M
- Amount sold
- $16.3M
- First sale
- Oct 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
2 people who came through Coverbase went on to found or lead other companies.
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Companies working in the same space as Coverbase.
In the news
Frequently asked questions
- What does Coverbase do?
- Coverbase offers a platform for third-party risk management (TPRM), procurement, and security, using AI-guided automation for supplier intake, due diligence, and continuous monitoring. It targets risk-aware industries such as finance, insurance, fintech, and healthcare, serving procurement leaders, risk officers, and CISOs.
- Who founded Coverbase?
- Coverbase was founded by Clarence Chio, Zi Chong Kao, Kao ZC.
- Who are Coverbase's investors?
- Coverbase's investors include Canapi Ventures, Fika, Pear VC, Fika Ventures, TTV Capital.
- How much funding has Coverbase raised?
- Coverbase has disclosed $16.3M raised across 1 round.
- Where is Coverbase headquartered?
- Coverbase is headquartered in San Francisco, US.