Coupa Software raises $80M

What does Coupa Software do?

Coupa Software, is a cloud based suite of financial applications providing spend management solutions for companies. It is the leading provider of disruptive and innovative cloud spend management solution which help companies control their indirect spending and generate savings which go directly to bottom line.

The company combines the best e-procurement and expenses management capabilities in one solution which is easy to use, fast to configure and deploy, more cost effective than anything else which are available today. It is leading the path in helping companies in spending more and saving more with its deep domain knowledge in e-procurement and expense management, a fast growing community of customers, best cloud computing platform, and intelligence expense report auditing and great deals on crowd sourcing on the web.

How much Coupa Software was funded?

Coupa Software raised   $80M in Series G funding on June 1, 2015 from El Dorado Ventures, Crosslink Capital, Battery Ventures, PremjiInvest, T. Rowe Price Associates and Iconiq Capital.

Previous funding

$1.5M in Series A on March 13, 2007 from BlueRun Ventures

$6M in Series B on April 9, 2008 from BlueRun Ventures and Battery Ventures

$7.5M in Series C on September 1, 2009 from Battery Ventures, El Dorado Ventures and BlueRun Ventures

$12M in Series D on February 15, 2011 from Mohr Davidow Ventures, BlueRun Ventures, El Dorado Ventures and Battery Ventures

$22M in Series E on May 10, 2012 from Crosslink Capital, El Dorado Ventures, Mohr Davidow Ventures, Battery Ventures and BlueRun Ventures

$40M in Series F on March 20, 2014 from Mohr Davidow Ventures, Northgate Capital, Crosslink Capital, Rally Ventures, Battery Ventures, El Dorado Ventures and other angel investors.

What is next for Coupa Software?

Coupa Software will use the latest funding for fueling its continued expansion of  global operation, supporting and marketing globally, growing sales and increasing product development for meeting the growing needs of global enterprises.

More about Coupa Software

Coupa Software was founded in 2006 by Noah Eisner and Dave Stephens. It has its headquarters in San Mateo, CA.