Thursday, May 10, 2012

Coupa Lands $22M For Spending Optimization Software

San Mateo-based Coupa Software, which develops spending optimization software for the business market, said this morning that it has raised $22M in a Series E funding round. The round was led by Crosslink Capital, and also included Battery Ventures, BlueRun Ventures, El Dorado Ventures and Mohr Davidow Ventures. Crosslink's Jim Feuille joins the company's board as an observer as part of the investment. Coupa's software helps companies manage employee expenses. The company is led by Rob Bernshteyn.