Coupa is the leading AI platform for total spend management. Using its trusted, community-generated, $8 trillion dataset, Coupa brings autonomous AI agents, a network of 10M+ buyers and suppliers, and leading apps together on one unified platform to seamlessly automate the buying process and connect to customers in a whole new way. With Coupa, you’ll make margins multiply™.
Coupa
- CEO
Leagh Turner
- Platform
- Flagship
- HQ
Foster City, CA
- Sector
- Applications
- Year Invested
2023
- Year Founded
2006
Driving The Future Of Autonomous Procurement
2014
Following an emerging SAAS disruptor
We tracked Coupa since 2014, when the company had $30 million of revenue and was operating at a loss. We maintained our active relationship as Coupa became a category leader, leading to a successful IPO and a 2021 market cap of +$25 billion.
Taking Coupa private
2023
Taking Coupa private
Amid a broad market pullback impacting public SaaS companies, our long-term relationship with Coupa facilitated the construction of a proprietary value-creation plan that helped us win the deal. We took Coupa private for $8 billion in February.
Building a leadership team with enterprise scale
2023
Building a leadership team with enterprise scale
Once Leagh Turner joined as CEO, we worked together to build an enterprise-grade executive team, transforming a disruptor designed to “grow at all costs” into a category-defining company with profitable growth as a core operating principle.
Surpassing $1 billion in ARR
2024
Surpassing $1 billion in ARR
Coupa becomes the first cloud-native procurement company to cross $1 billion of annual recurring revenue (ARR) — an important milestone marking Coupa’s ascent as a category leader.
Expanding The Platform Through M&A
2025
Expanding The Platform Through M&A
Coupa completes two critical technology tuck-ins, establishing M&A as a core growth lever and go-forward value driver.
Delivering AI-Enabled Autonomous Procurement
2025 and beyond
Delivering AI-Enabled Autonomous Procurement
Coupa releases the first wave of AI-native products, including its portfolio of Navi Procurement Agents. Trained on $8 trillion in proprietary spend data, they deliver tangible value for customers and help usher in the era of autonomous procurement.