In late 2005, Dave Stephens and Noah Eisner set out to radically transform the procurement application market by delivering a system that was so simple to use and so accessible to all types of companies.  Expensive ERP and unusable point solutions were not the answer.  With a very basic concept and a large market, the two former Oracle executives founded Coupa in early 2006.  Industry acceptance came as Coupa brand became synonymous with best-in-class usability and fast return on investment, all delivered through its on-demand platform.

Fast-forward to 2011, Coupa is the fastest-growing eProcurement vendor with well-known customers on 5 different continents enjoying the value of Coupa everyday.

Milestone Events

2011

• February ’11 – Mohr Davidow Ventures joins Battery, Blue Run, and El Dorado in Coupa’s fourth round of funding
• April ’11 – Rick Gustafson joins Coupa as CFO and David Williams promoted to VP Technology

2010

• November ’10 – Coupa customer Neediest Kids wins Technology Innovation award for its innovative and impactful use of technology
• November ’10 – Coupa launches Coupa Expenses for Salesforce on the salesforce.com AppExchange 2, the world’s most popular marketplace for business applications

2009

• February ’09 – Coupa continues innovation with the release of Quickstart, the world’s fastest way to configure and customize an eProcurement system for your company.  First customer runs Quickstart and is live in 1 day.
• February ’09 – Rob Bernshteyn, executive of SuccessFactors (NASDAQ:SFSF), joins Coupa as Chief Executive Officer.
• March ’09 – Coupa launches the Coupa Supplier Network to enable supplier self-service

2008

• April ’08 – Battery Ventures and BlueRun Ventures join forces to fund Coupa’s next phase of growth
• May ’08 – Supplier portal extends value for all customers
• July ’08 – Coupa moves into new world HQ in downtown San Mateo, CA
• December ’08 – Coupa finishes 2008 with 4 major product releases, 600% growth in customer count, 500% growth in employees

2007

• March ’07 – Andy Jassy, Amazon executive and leader of Amazon Web Services, joins Coupa Board of Directors
• April ’07 – Coupa named Top 10 Enterprise Software Companies to Watch by NetworkWorld
• May ’07 – Coupa launches first new eProcurement application with requisitioning, approvals, purchase orders, invoicing and RFQs
• June ’07 – First global customer signs with over 5000 users
• October ’07 – Coupa commercially launches Coupa On-Demand, first on-demand eProcurement application for all types of companies using true cloud computing
• December ’07 – Coupa continues innovation with online inventory management built-into Coupa On-Demand

2006

• February ’06 – Coupa founded with team working out of their homes and coffee houses, including the Coupa Cafe of Palo Alto
• July ’06 – Coupa releases Coupa Express, first major open source eProcurement product
• October ’06 – Humble first office in Foster City, CA
• December ’06 – BlueRun Ventures asks to invest in Coupa as game-changing enterprise applications business