# Coupa Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coupa-software

- Industry: Software
- Headquarters: Foster City, US
- Website: www.coupa.com/
- Total disclosed funding: $169M
- Latest round: Series G (May 26, 2015)
- Investors on record: 13

## About

Coupa Software Inc. is a US-based provider of AI-native total spend management solutions, dedicated to optimizing enterprise spending across various industries through advanced procurement and supply chain management technology. Founded in 2006 and headquartered in San Mateo, California, Coupa Software Inc. specializes in spend management solutions. The company underwent a significant transition when it shifted from a public company to a private entity following its acquisition in December 2022. Rob Bernshteyn has been pivotal in leading the company since its inception, having a history of founding other enterprises. With a total of 11 deals to its name, Coupa raised USD 6,150.00 million in its latest public-to-private round led by Thoma Bravo, alongside investors such as Abu Dhabi Investment Authority and General Atlantic. In October 2025, Coupa Software Inc., a portfolio company of Battery Ventures, Blackstone, El Dorado Ventures, Meritech Capital Partners, Mohr Davidow Ventures, T Rowe Price, General Atlantic, BlueRun Ventures, Thoma Bravo, Crosslink Capital, IconVentures, PremjiInvest, Rally Ventures, ICONIQ Capital agreed to acquire Scoutbee GmbH for an undisclosed amount. The transaction was completed in November 2025.

Coupa Software Inc. specializes in AI-native total spend management solutions designed to optimize both direct and indirect spending for enterprises across various industries. Their core product offerings include advanced capabilities in procurement, invoicing, and supply chain management, which utilize agentic AI to enhance decision-making and improve operational efficiencies. Key functionalities encompass network optimization, transportation and inventory optimization, demand modeling, and category management, which collectively aim to streamline processes and foster collaboration among buyers and suppliers. Coupa's clientele spans a diverse range of sectors, including healthcare, manufacturing, and government, with a global footprint that extends across North America, Europe, Asia-Pacific, and Latin America. By leveraging advanced analytics and real-time insights, Coupa empowers organizations to make informed spending decisions that drive profitability and sustainability.

The company generates revenue primarily through a subscription-based model, offering scalable solutions tailored for small to large enterprises. Clients engage with the company for its flagship products, which include tools for spend analysis, procurement, and invoicing. Revenue is accrued as clients subscribe to various service tiers based on their specific needs and usage levels, providing them access to a suite of integrated functionalities that enhance supply chain coordination and financial management.

Coupa aims to scale its AI-native ecosystem globally, deepen integration of Scoutbee’s supplier intelligence, and expand predictive capabilities across procurement and supply chain. The company is also focused on sustainability initiatives and enhancing its two-sided network to dynamically match buyers and suppliers using AI agents.

## Funding rounds

- Series G, May 26, 2015, $80M — Battery Ventures, El Dorado Ventures, T Rowe Price, Crosslink Capital, PremjiInvest, Rally Ventures, ICONIQ Capital
- Series F, Feb 24, 2014, $40M — Battery Ventures, El Dorado Ventures, Meritech Capital Partners, Mohr Davidow Ventures, BlueRun Ventures, Crosslink Capital, Northgate Capital, Icon Ventures
- Series E, May 1, 2012, $22M — Battery Ventures, Blackstone Group, El Dorado Ventures, Mohr Davidow Ventures, BlueRun Ventures, Crosslink Capital
- Series D, Feb 8, 2011, $12M — Battery Ventures, El Dorado Ventures, Mohr Davidow Ventures, BlueRun Ventures
- Series C, Aug 20, 2009, $7.5M — Battery Ventures, El Dorado Ventures, BlueRun Ventures
- Series B, Apr 9, 2008, $6.1M — Battery Ventures, BlueRun Ventures
- Series A, Jan 3, 2007, $1.1M — BlueRun Ventures

## Investors

- BlueRun Ventures (https://capitalatlas.ai/funds/bluerun-ventures) — Series A, Series B, Series C, Series D, Series E, Series F
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series B, Series C, Series D, Series E, Series F, Series G
- El Dorado Ventures (https://capitalatlas.ai/funds/el-dorado-ventures) — Series C, Series D, Series E, Series F, Series G
- Mohr Davidow Ventures (https://capitalatlas.ai/funds/mohr-davidow-ventures) — Series D, Series E, Series F
- Blackstone Group (https://capitalatlas.ai/funds/blackstone-group) — Series E
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series E, Series F, Series G
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series F
- Northgate Capital (https://capitalatlas.ai/funds/northgate-capital) — Series F
- Icon Ventures (https://capitalatlas.ai/funds/icon-ventures) — Series F
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series G
- PremjiInvest (https://capitalatlas.ai/funds/premjiinvest) — Series G
- Rally Ventures (https://capitalatlas.ai/funds/rally-ventures) — Series G
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series G