Open Source eProcurement Innovator Secures Funding

In the last edition of European Leaders in Procurement magazine Jason Busch wrote an insightful article on the future of procurement technology entitled ‘Are we facing a free for all?’, in which he introduced our community to Coupa Software. Coupa is the brainchild of two Oracle veterans Dave Stephens and Noah Eisner, who set to tackle the problem at the root of most e-procurement failures: employee non-compliance.

It seems Dave and Noah’s approach to revolutionise the e-procurement space is continuing to gain momentum, with the announcement they have secured A-round funding from the leading early-stage venture capital fund BlueRun Ventures, as well as several private investors. Coupa will use this investment to accelerate market and product development plans. The company also announced that Jonathan Ebinger, managing partner at BlueRun, and Vineet Buch, a BlueRun principal, joined the Coupa board of directors.