Coupa Finds $40M More In Late Stage Financing

San Mateo-based Coupa Software, which develops cloud-based expense management, procurement, and other finance software for enterprises, has raised $40M more in funding--a Series F round for the company. The company said the funding brings its total raised to $87.5M. The funding was led by Meritech Capital, and also included Icon Ventures, Northgate Ventures, Crosslink Capital, Mohr Davidow Ventures, Battery Ventures, El Dorado Ventures, and Blue Run Ventures. Meritech's George Bischof joins the company's board. Coupa Software's CEO said the company is cash flow positive, still has money in the bank, but took the round to "accelerate" its business and "deliver on the huge opportunity" in front of the company. More information »