Tuesday, September 1, 2009

Coupa received $ 7.5 million

Coupa provider to apply for e-procurement solutions, has received $ 7.5 million in Series C financing led by El Dorado Ventures and joined previous investors BlueRun companies and Battery Ventures. With the injection of new capital, the total amount collected by the San Mateo, CA startup can be doubled to $ 15 million healthy.

Coupa sells a Ruby on Rails based software suite that enables companies of all sizes better manage the costs of keeping tabs on purchases, suppliers, existing contracts and research, etc. automatically ways to spend the budgets in the form of lower costs. The software is by subscription and cut boasts that the practical training time is shorter than it would for its competitors.

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