Amount Raised
$16.5 Million
Round Type
Series A
San FranciscoSoftwareSecuritySaaSInvestors
Description
Coverbase announced the successful close of a $16.5 million Series A financing round led by Canapi Ventures, following a prior $3.5 million seed round. The new funding will help Coverbase expand its risk-aware procurement platform into additional verticals. The platform aims to streamline vendor sourcing, intake, contract management, and purchase order creation. Coverbase addresses the growing threat of third-party breaches by modernizing outdated procurement practices.
Quick answer
Coverbase raised $16.5 Million in a Series A round, dated November 20, 2025. Investors: Founders You Should Know, Valley Ventures, Pear VC, Fika Ventures, TTV Capital and Canapi Ventures. Coverbase is based in San Francisco, California, United States.
- How much did Coverbase raise?
- Coverbase raised $16.5 Million in a Series A round on November 20, 2025.
- Who invested in Coverbase?
- Founders You Should Know, Valley Ventures, Pear VC, Fika Ventures, TTV Capital and Canapi Ventures are named as investors in this round.
- What does Coverbase do?
- Coverbase is an AI-enabled security-first procurement and risk platform that reduces procurement workloads by 90%.
- Where is Coverbase based and how big is it?
- Coverbase is based in San Francisco, California, United States. Fundz records about 16 employees.
- Who are the decision-makers at Coverbase?
- Fundz holds 4 contacts at Coverbase, including the Cofounder & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Security and SaaS around the same time
Companies in the same sectors as Coverbase that raised within 45 days of this round, from Fundz verified event records.
- SKYX Platforms raised $500K (Series A) on January 2, 2026.
- Ezra AI Labs raised $4.6M (Seed) on December 23, 2025.
- LatentForce raised $1.7M (Seed) on December 19, 2025.
- Katalist raised $1.5M (Seed) on December 18, 2025.
- Logpresso raised $12M (Series B) on December 17, 2025.
- Mutex raised $386K (Seed) on December 16, 2025.
Who to call at Coverbase, and when
A new round usually means Coverbase is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Coverbase raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Coverbase, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Coverbase. With Fundz connected, it knows.
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Fundz sees it the moment Coverbase raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansCoverbase raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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