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User:MaryGaulke/sandbox/Coupa history

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History[edit]

Dave Stephens and Noah Eisner[1] founded Coupa in 2006.[1] Stephens and Eisner previously worked at Oracle (enterprise procurement applications).[1] Rob Bernshteyn took over as Coupa's CEO in February 2009, after serving as Vice President of Global Product Marketing and Management at SuccessFactors, Inc.[2] Since then, the company has reported 26 consecutive quarters of subscription revenue growth.[3]

In 2011, Coupa was named a Cool Vendor in Procurement and Sourcing by Gartner, which cited Coupa’s solution usability.[4] In 2014, The Forrester Wave named Coupa a market leader.[5] Coupa was also positioned in the Leaders quadrant of the Gartner Magic Quadrant for Procure-to-Pay Suites for Indirect Procurement in March 2015.[6]

Former Yahoo CEO and PayPal president Scott Thompson joined the company’s board of directors in April 2013.[7] The company expanded globally in 2014, announcing new operations in Dublin, Ireland.[8] Coupa's other international operations include its offices in Australia and several EMEA and Asia Pacific locations.[9] Coupa expanded its leadership and governance in 2014 with the hiring of Tara Ryan as the company's CMO[10] and the appointment of Roger Siboni as a new member of the company's Board of Directors.[11]

In 2015, Coupa appointed Todd Ford as CFO.[12] In February 2015, Coupa acquired the assets of ZenPurchase, an enterprise procurement software company.[13] In July 2015, Coupa acquired InvoiceSmash, an e-invoicing vendor,[14] and TripScanner, an open booking vendor.[15] In January 2016, Coupa acquired Contractually, a cloud-based contract management solution.[16]

Funding[edit]

To-date, Coupa has raised a total of $169 million in funding.

In June 2015, Coupa raised $80 million in series G funding led by T. Rowe Price, with participation from Battery Ventures, Crosslink Capital, El Dorado Ventures, Iconiq Capital, and PremjiInvest.

In March 2014, Coupa raised $40 million in series F funding led by Meritech Captial, with participation from Icon Ventures, Northgate Ventures, Crosslink Capital, Mohr Davidow Ventures, Battery Ventures, El Dorado Ventures and Blue Run Ventures.

In April 2012, Coupa raised $22 million in series E funding led by Crosslink Capital, with participation from Mohr Davidow Ventures, Battery Ventures, El Dorado Ventures, and Blue Run Ventures.

In 2011, Coupa raised $12 million in series D funding led by Mohr Davidow Ventures, with participation of Battery Ventures, BlueRun Ventures and El Dorado Ventures.[17][18]

In 2009, after Bernshteyn joined the company, Coupa raised $7.5 million in Series C funding led by El Dorado Ventures, with participation from BlueRun Ventures and Battery Ventures.[19]

In 2008, Coupa received a funding of $6 million from Battery Ventures and BlueRun Ventures.[20]

In 2007, Coupa raised the first round of funding from BlueRun Ventures,[21][22] which was later disclosed as $1.5 million.[20]

  1. ^ a b c Coupa Software Press Release March 13, 2007 "E-Procurement Software Innovator Coupa Secures Series-A Funding." March 13, 2007. Retrieved October 31, 2013.
  2. ^ "Executive Profile - Rob Bernshteyn". BusinessWeek. Retrieved 17 November 2014.
  3. ^ Olivera, Xavier; Mitchell, Pierre (20 August 2015). "Coupa Reports Best Quarter Ever – No Surprises Here". Spend Matters. Retrieved 25 March 2016.
  4. ^ Wilson, Deborah R.; Rizza, Mickey North (11 April 2011). "Cool Vendors in Procurement and Sourcing Technology, 2011". Gartner. Retrieved 17 March 2016. {{cite news}}: Unknown parameter |registration= ignored (|url-access= suggested) (help)
  5. ^ Jones, Duncan (13 May 2014). "eProcurement, Q2 2014". The Forrester Wave. Forrester Research, Inc. Retrieved 17 March 2016. {{cite news}}: Unknown parameter |subscription= ignored (|url-access= suggested) (help)
  6. ^ Bergfors, Magnus; Malinverno, Paolo; Wilson, Deborah R. (24 March 2015). "Magic Quadrant for Procure-to-Pay Suites for Indirect Procurement". Gartner. Retrieved 17 March 2016. {{cite news}}: Unknown parameter |registration= ignored (|url-access= suggested) (help)
  7. ^ "Coupa Software Welcomes Scott Thompson to Its Board of Directors" (Press release). Business Wire. 2 April 2013. Retrieved 17 March 2016.
  8. ^ Laughlan, Stuart (2 September 2014). "Coupa's Irish eyes are smiling as global customer support moves to Europe". Diginomica. Retrieved 14 November 2014.
  9. ^ "Our Offices". Coupa. Retrieved 22 March 2016.
  10. ^ "Coupa Appoints Tara Ryan Chief Marketing Officer". Coupa Software Inc. 30 October 2014. Retrieved 10 March 2016.
  11. ^ "Coupa Welcomes Roger Siboni to its Board of Directors". Coupa Software Inc. 18 September 2014. Retrieved 10 March 2016.
  12. ^ "Coupa Software Taps CFO With IPO History". The CFO Report. The Wall Street Journal. 3 June 2015. Retrieved 17 March 2016.
  13. ^ Kase, Thomas (11 February 2015). "Coupa Acquires Sourcing Solutions Startup ZenPurchase". Spend Matters. Retrieved 17 March 2016.
  14. ^ Kepes, Ben (6 July 2015). "Coupa acquires InvoiceSmash to bring clarity to invoicing". Network World. Retrieved 17 March 2016.
  15. ^ Gagliordi, Natalie (20 July 2015). "Coupa buys travel technology startup TripScanner". ZDNet. Retrieved 17 March 2016.
  16. ^ Gagliordi, Natalie (14 January 2016). "Coupa buys contract management software maker Contractually". ZDNet. Retrieved 17 March 2016.
  17. ^ Cite error: The named reference SanJoseBusinessJournal was invoked but never defined (see the help page).
  18. ^ Cite error: The named reference LeenaRao15Feb2011 was invoked but never defined (see the help page).
  19. ^ Wauters, Robin (1 September 2009). "Coupa Raises $7.5 Million, Helps Companies Spend Smarter". TechCrunch. Retrieved 28 March 2016.
  20. ^ a b Cite error: The named reference AnthonyHa9Apr2008 was invoked but never defined (see the help page).
  21. ^ Jon Brodkin, NetworkWorld.com. "10 enterprise software companies to watch." April 11, 2007. Retrieved January 23, 2012.
  22. ^ VentureBeat. "Coupa, an e-procurement software company, raises money." March 14, 2007. Retrieved January 30, 2012.
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