Cash for Open Source: Coupa Snags a Funding Round
No one said building open source enterprise applications was easy -- or cheap. So it's no surprise that Coupa, which up until now was almost entirely bootstrapped by its founders, has raised a Series A funding round. For those who don't know Coupa, you can check out a short background piece that I on wrote on them right around the time of their launch. This first post-seed funding round was led by BlueRun Ventures, an early stage investment fund, whose past investments include PayPal and Covigo.
I look forward to digging into Coupa more on Spend Matters in the coming months. It will certainly be curious to watch if an Open Source approach to procurement will catch hold -- or at least capture enough of the small and middle market to damage the prospects of the more traditional players as they attempt to move downstream. Whether they become a nuisance or curiosity for the likes of Ariba, Ketera, Oracle and SAP in their middle market ambitions remains to be seen.
- Jason Busch
I look forward to digging into Coupa more on Spend Matters in the coming months. It will certainly be curious to watch if an Open Source approach to procurement will catch hold -- or at least capture enough of the small and middle market to damage the prospects of the more traditional players as they attempt to move downstream. Whether they become a nuisance or curiosity for the likes of Ariba, Ketera, Oracle and SAP in their middle market ambitions remains to be seen.
- Jason Busch
















Procurement Independence at the Coupa Cabana Cafe
http://blog.sourcinginnovation.com/2006/07/04/proc...
Coupa Cabana Cafe: Open For Business
http://blog.sourcinginnovation.com/2006/07/27/coup...
Coupa Charges Ahead
http://blog.sourcinginnovation.com/2006/09/21/coup...
Riding The Rails with Coupa
http://blog.sourcinginnovation.com/2006/11/09/ridi...
Davie and the Coupa Factory
Coming Soon on the Sourcing Innovation Blog!
Shameless plugs they may be, but you have to admit that, at the very least, Coupa, which should have been the fifth company on Gartner's "Cool Purchasing" Vendor list, is making a valiant effort to revolutionize the eProcurement Space. And that deserves a hand.
http://www.spendmatters.com/index.cfm/2007/2/8/A-D...
http://www.spendmatters.com/index.cfm/2006/12/11/C...
http://www.spendmatters.com/index.cfm/2006/8/9/Cat...
http://www.spendmatters.com/index.cfm/2006/7/28/Wh...
When are you guys getting together to create a cross-blog meta-index?
I'm working with some people on something far bigger than create a cross-blog meta-index for procurment. You ain't seen nothing yet ...
Hint: http://www.siderean.com/
More in a few weeks ... :-)