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Coverbase

Coverbase

Private
San Francisco, CaliforniaEnterprise Softwarehttps://www.coverbase.com/

Last Round

Early Stage

VC

Aug 10, 2026

Total Funding Raised

$20.1M

Momentum

Top 5%

of companies Caplight tracks

Company Overview

Coverbase is an enterprise software company that provides an AI-native procurement and third-party risk management platform designed to automate vendor security reviews and compliance assessments.

Sector

Enterprise Software

Verticals

Compliance & Risk, Workflow Automation, RegTech, Data Governance

Business Model

B2B

Customer Profile

Usage-Based SaaS, Subscription SaaS

AI Layer

Application

Keywords

TPRMthird-party risk managementprocurement automationvendor risk managementvendor riskAI agentsvendor onboardingcompliance automationRegTechcontract lifecycle managementCLMcontinuous monitoringsecurity assessmentAI-nativeGRC softwarevibe coding

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Coverbase Comparables

Compare Coverbase with similar companies based on industry and business-model similarity.

Coverbase comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
VISO Trust
81%
Whistic
78%
Panorays
78%

Coverbase Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Early Stage VCAug 10, 2026
Series ANov 20, 2025
AcceleratorOct 1, 2024

Key People

Founding team and executive leadership

Clarence Chio

Cofounder & CEO

Founding Team

Coverbase Investors

Notable investors and investment history

Coverbase investors
InvestorRounds
Valley VenturesSeed
Founders You Should KnowSeries A, Seed
gener8torAccelerator
Pear VCSeries A, Seed
TTV CapitalSeries A, Seed
Next Level VenturesAccelerator
Fika VenturesSeries A, Seed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Aug 18, 2026

    Grew 28% QoQ, from 18 to 23 employees.

  • Aug 10, 2026

    $16.3M raised in an early stage VC round.

Coverbase Filings

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Coverbase filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Coverbase's valuation, stock price, and market status.

Is Coverbase a public or private company?

Coverbase is a private company.

What is the current stock price of Coverbase?

Coverbase is a private company with no public stock price. No recent secondary market data is available.

How much is Coverbase worth (valuation)?

Valuation information for Coverbase is not publicly available.

Can I buy Coverbase stock?

Coverbase shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Coverbase's last funding round?

Coverbase's most recent funding round was Series A on November 20, 2025.

Who are the main investors in Coverbase?

Key investors in Coverbase include Canapi Ventures.

Will Coverbase IPO soon?

No public IPO plans have been announced for Coverbase.

How can I track Coverbase secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Coverbase's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersSan Francisco, California
Employee Range21
Year Founded2024
Last FundingAug 10, 2026

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