What is Coupa?
Coupa Software operates as a global technology leader in the Business Spend Management (BSM) sector. The company provides a comprehensive, cloud-based software suite designed to optimize organizational expenditures. By integrating procurement, accounts payable, and expense management into a unified platform, Coupa enables enterprises to gain visibility and control over their financial operations. Its market position is defined by its ability to drive efficiency and cost savings for large-scale organizations, effectively digitizing complex back-office processes.
How much funding has Coupa raised?
Coupa has raised a total of $167.5M across 6 funding rounds:
Series B
$6M
Series C
$7.5M
Series D
$12M
Series E
$22M
Series F
$40M
Other Financing Round
$80M
Series B (2008): $6M with participation from Jeff Kearl, BlueRun Ventures, and Battery Ventures
Series C (2009): $7.5M led by El Dorado Ventures, Battery Ventures, and BlueRun Ventures
Series D (2011): $12M supported by El Dorado Ventures, BlueRun Ventures, Mohr Davidow Ventures, and Battery Ventures
Series E (2012): $22M featuring El Dorado Ventures, Battery Ventures, Crosslink Capital, Mohr Davidow Ventures, and BlueRun Ventures
Series F (2014): $40M backed by Mohr Davidow Ventures, Meritech Capital Partners, Crosslink Capital, Northgate Capital, Blue Run Ventures, El Dorado Ventures, Icon Ventures, and Battery Ventures
Other Financing Round (2015): $80M with participation from T. Rowe Price Associates, ICONIQ Capital, Premji Invest, Battery Ventures, Crosslink Capital, and El Dorado Ventures
Key Investors in Coupa
Battery Ventures
Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in Boston, San Francisco, Menlo Park, Israel, London and New York.
BlueRun Ventures
Launched in 1998, BlueRun Ventures functions as a venture capital fund. BlueRun Ventures is headquartered in Menlo Park, California, with offices in Beijing, Helsinki, Mumbai, Seoul, and Shanghai.
El Dorado Ventures
El Dorado Ventures is a venture capital firm that focuses on early-stage investments in the technology sector, providing strategic guidance and capital to help startups scale their operations.
What's next for Coupa?
With the support of its latest strategic investment, Coupa is well-positioned to accelerate its product innovation and expand its global footprint. The company's focus remains on deepening its BSM capabilities, likely through enhanced data analytics and AI-driven insights that further streamline corporate spend. As the firm continues to scale, the emphasis will shift toward maintaining its competitive edge in the enterprise software market, ensuring that its platform remains the standard for organizations seeking to modernize their financial infrastructure and achieve greater operational agility.
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