Fundraising Fox
Coverbase
San Francisco, US · Delaware corporation · 6 known investors
Find your way into Coverbase
Each arrow is one introduction. Sign up to fill in the first one.
1,293 people can intro you to Clarence
Ask Wesley Yiu to introduce you to Clarence Chio
You →Wesley · together at Unit 21 →Clarence
Sign up to find every way you can get introduced to Coverbase
- Your email: who you already know at Coverbase, and who your contacts know
- 2nd- and 3rd-degree connections: people you know who worked, studied or invested with the Coverbase team
- Your LinkedIn: the connections who can make the intro for you
We rank every route by how warm it is, so you raise on warm intros instead of cold emails.
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 KaoSecretary and Director
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 · 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.
Related companies · 10
QuickbaseQuickbase + FastField provide field service management software that captures field data in real time and syncs it to an office-based operational control system. The solution combines mobile field capture with real-time visibility, work order management, safety tracking, and asset management for asset-heavy, compliance-driven industries including construction, utilities, manufacturing, and healthcare.
StaffbaseStaffbase offers an AI-powered employee communications and experience platform that lets enterprises target and orchestrate internal communications, run an intranet and employee hub, support frontline workers, and deliver knowledge and services across channels. It serves large enterprises, including desk-based, frontline, and distributed workforces, and integrates with tools such as Microsoft 365, ServiceNow, and Workday.</parameter>
<parameter name="founders">[]
BrowserbaseBrowserbase provides a browser automation platform that enables AI agents to interact with websites reliably, handling authentication, navigation, and complex actions to automate web-based workflows and data collection.
BackbaseBackbase develops an AI-native Banking OS, a digital banking engagement platform that unifies customer, employee, and AI-agent interactions for financial institutions across retail, SMB, commercial, private banking, and wealth management. The platform is used by more than 120 banks to build and run their frontline banking operations.
Firstbase.ioFirstbase builds an all-in-one business operations platform that automates back office tasks for founders globally, including company incorporation, management, and growth services.
CouchbaseCouchbase is a NoSQL distributed JSON document database company offering Couchbase Server, Capella DBaaS and mobile/edge products.
DemandbaseDemandbase provides an AI-powered B2B intelligence platform that integrates go-to-market data, tools, and execution across the GTM ecosystem. The platform connects account intelligence, buying group data, and intent signals to help B2B teams plan, execute, and optimize their sales and marketing strategies.
FirstbaseFirstbase provides IT asset management and equipment provisioning services for distributed teams, handling device procurement, onboarding, asset tracking, repairs, and offboarding through automation and centralized infrastructure.
LandbaseLandbase provides an AI-agent platform for B2B revenue teams that finds, qualifies, scores, and enriches best-fit target accounts using company data, web data, and buying signals. It automates account targeting, qualification, and contact enrichment as an alternative to sales prospecting tools like Apollo and Clay.
CoinbaseCoinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers. The company operates a full-stack infrastructure including secure custody, liquidity services, stablecoin infrastructure, and global settlement rails.
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.