Total amount raised
$219 Million
Latest funding date
6/1/2021
Location
Coupa has successfully navigated nine funding rounds, with its latest funding raised from a Post-IPO Equity round. The company is backed by 14 investors, including notable names like ICONIQ Growth and Premji Invest.
Coupa's journey in the financial landscape is marked by its acquisition by Thoma Bravo, highlighting its significant impact in the business spend management sector. Keep reading to explore the intricacies of Coupa's fundraising journey and the investors backing this innovative platform.
What Is Coupa?
Coupa, based in Foster City, California, is a prominent player in the business spend management sector. The company operates within various industries, including Cloud Infrastructure, FinTech, Procurement, and Software. With a workforce ranging from 1001 to 5000 employees, Coupa has established itself as a significant entity in its field.
Founded to provide a unified suite of financial applications, Coupa leverages AI-native tools to optimize business expenditures. The company offers comprehensive solutions for finance, procurement, and supply chain management, serving a diverse range of industries and business sizes.
How Much Funding Has Coupa Raised?
- Series A
- Amount Raised: USD 1,500,000
- Date: March 2007
- Lead Investors: BlueRun Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch its initial suite of financial applications.
- Series B
- Amount Raised: USD 6,000,000
- Date: April 2008
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its product offerings and scale its operations.
- Series C
- Amount Raised: USD 7,500,000
- Date: September 2009
- Lead Investors: El Dorado Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance its technology and increase market penetration.
- Series D
- Amount Raised: USD 12,000,000
- Date: February 2011
- Lead Investors: Mohr Davidow Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand its customer base.
- Series E
- Amount Raised: USD 22,000,000
- Date: May 2012
- Lead Investors: Crosslink Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and product development.
- Series F
- Amount Raised: USD 40,000,000
- Date: March 2014
- Lead Investors: Meritech Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel continued growth and innovation in its product suite.
- Series G
- Amount Raised: USD 80,000,000
- Date: June 2015
- Lead Investors: T. Rowe Price
- Valuation at Round: Over USD 1 billion
- Motivation Behind the Round: To expand global operations, grow sales, and increase product development.
- Post-IPO Equity
- Amount Raised: USD 50,000,000
- Date: June 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic acquisitions and further innovation.
Total Amount Raised: USD 219,000,000. Current Valuation: Over USD 1 billion.
Key Investors
- ICONIQ Growth
- Details: ICONIQ Growth is a privately-held investment firm that serves influential families and organizations. It participated in multiple funding rounds for Coupa, including Series G.
- Investment Focus Areas: Growth-stage technology companies.
- Notable Investments: Uber, Airbnb, Alibaba.
- Premji Invest
- Details: Premji Invest is the private investment arm of Azim Premji, focusing on investments in various sectors. It is one of the most recent investors in Coupa.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Snapdeal, PolicyBazaar, Hygienic Research Institute.
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors. It led the $80 million Series G funding round for Coupa.
- Investment Focus Areas: Broad range of sectors, with a focus on long-term growth.
- Notable Investments: Amazon, Google, Facebook.
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm that invests in companies at all stages of their growth. It participated in multiple funding rounds for Coupa, including Series B, C, D, E, and F.
- Investment Focus Areas: Technology companies across all stages, including software, IT, and industrial technology.
- Notable Investments: Akamai Technologies, Groupon, Nutanix.
- Crosslink Capital
- Details: Crosslink Capital is a venture capital and private equity firm that invests in early to growth-stage companies. It participated in the Series E and F funding rounds for Coupa.
- Investment Focus Areas: Technology and consumer companies, from early to growth stages.
- Notable Investments: Pandora, Ancestry.com, Coupa Software.
What's Next for Coupa?
Coupa's future is brimming with opportunities, particularly in expanding its global operations and enhancing its product offerings. With a robust foundation in cloud-based financial applications, the company is well-positioned to capitalize on the growing demand for spend management solutions. The recent $80 million funding round underscores the potential for further growth and innovation, enabling Coupa to reach new markets and industries.
As Coupa continues to scale, future fundraising opportunities may arise to support its ambitious expansion plans. The company's strong investor backing suggests a favorable outlook for additional capital if needed. However, Coupa must navigate challenges such as intense competition and the need for continuous technological advancements to maintain its market leadership. Ensuring data security and compliance with global regulations will also be critical as the company expands its international footprint.
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