Coupa Launches $50 Million Coupa Ventures Fund
Fund will support the next generation of companies shaping the future of Business Spend Management
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SAN MATEO, Calif., June 3, 2021 /PRNewswire/ Today, Coupa Software (NASDAQ: COUP) announced the launch of Coupa Ventures, a $50 million fund to foster innovation in Business Spend Management. Coupa Ventures will invest in early- and growth-stage companies breaking down inefficiencies in how businesses manage their spend, aligning processes and decisions across supply chain, procurement, and finance. As part of its debut, Coupa unveiled the fund s first two portfolio companies: Zylo and SourceDay.