Coupa is a cloud-native spend-management platform offering procurement, invoice automation, sourcing, travel and expense management, contract management, supplier oversight, spend analytics, and payment automation.
The platform is designed for enterprises seeking visibility, compliance, and efficiency across financial and supply chain operations. With AI-driven insights and robust integrations, Coupa helps organizations optimize inventory, enforce policy, analyze spending patterns, and streamline supplier performance across multiple industries.
What Is Coupa and What Does It Do?
Coupa, founded in 2006 by Dave Stephens, Noah Eisner, and Michael Jackson, is a San Mateo-based finance and supply chain technology company delivering cloud-based end-to-end spend-management solutions.
Coupa employs 643 people and the platform provides procurement, invoice automation, sourcing, contract management, spend analytics, expense management, and supplier tools designed to help enterprises reduce costs, improve compliance, and enhance operational efficiency across global operations.
How Much Funding Has Coupa Raised?
1. Series / Early Rounds
• Amount Raised: Part of total $169M
• Date: 2006–2016
• Lead Investors: Mohr Davidow Ventures, Battery Ventures, Meritech
• Motivation: Product development, market expansion, and early go-to-market scale.
2. Post-IPO / Public Liquidity Event
• Amount Raised: $1.38B
• Date: June 11, 2020
• Lead Investors: Public market institutional participants
• Motivation: Capitalization and strategic financial transactions.
3. Post-IPO Transaction
• Amount Raised: $805M
• Date: June 17, 2019
• Lead Investors: Institutional investors
• Motivation: Strengthening the balance sheet and supporting growth initiatives.
4. Post-IPO Transaction
• Amount Raised: $230M
• Date: January 2018
• Lead Investors: Institutional investors
• Motivation: Scaling operations and accelerating international expansion.
Total Funding Raised: $169 Million
Latest Funding Date: June 2020
Key Investors
1. T. Rowe Price
• Details: A major institutional asset manager investing in growth and public-market leaders.
• Investment Focus Areas: Public equities, growth-stage technology.
• Notable Investments: Broad public-market tech holdings.
2. Meritech
• Details: A growth-stage investor focused on scaling enterprise software.
• Investment Focus Areas: SaaS, enterprise technology.
• Notable Investments: Multiple leading SaaS companies.
3. Mohr Davidow Ventures
• Details: Early-stage venture investor supporting Coupa’s initial growth.
• Investment Focus Areas: Enterprise software, cloud, emerging technology.
• Notable Investments: Early B2B and cloud startups.
4. Battery Ventures
• Details: A global investment firm backing high-growth enterprise and consumer technology companies.
• Investment Focus Areas: Software, infrastructure, digital enterprise.
• Notable Investments: Numerous leading SaaS and infrastructure platforms.
Where Is Coupa’s Headquarters?
Coupa is headquartered in San Mateo, United States, giving it access to top Bay Area enterprise software talent, SaaS ecosystem partners, and global customers seeking spend-management and procurement automation solutions.
What’s Next for Coupa?
Coupa is expected to continue investing in AI-driven spend intelligence, enhanced supplier network capabilities, deeper ERP and procurement integrations, and automation tools that optimize cost control. The company will likely expand into new industries, strengthen global operations, and deliver measurable financial savings for enterprise clients through data-driven insights.
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