Coupa Software reported closing a $80 million equity issuance


coupaHey if you didn’t know about it, maybe it is time to add XDATA as part of your market monitoring regimen, 14 days free trials are available here.

$80 million worth of equity securities were issued by Coupa Software. A total of twenty-three investors participated to the brokered placement which started on May 26th. The private placement’s expected net proceeds amounts to $76.4 million which excludes $3.6 million paid in brokerage fees. Qatalyst Partners acted as sole placement agent on the transaction. The company closed three previous unregistered private placements which raised an estimated $20.86 million.

Coupa Software markets and develops cloud-based financial applications such as procurement, expense management and accounts payable. The apps enable customers to launch the solution immediately and quickly realize significant savings. Investors include Meritech Capital, Icon Ventures, Northgate Ventures, Crosslink Capital, Mohr Davidow Ventures, Battery Ventures, El Dorado Ventures, and Blue Run Ventures.

The company is headquartered in San Mateo CA. Coupa Software elected to keep its revenues undisclosed.
The executive team includes Jon Stueve and Rob Bernshteyn.
The board of directors includes Bryan Stolle, Charles Beeler, Jonathan Ebinger, Neeraj Agrawal, Roger Siboni and Scott Thompson.

The company has raised an estimated total of $100.86 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Coupa Software
Industry: Other Technology
Amount offered: $80 million
Amount placed: $80 million
SEC filing: Source
First sale: 05-26-2015
Data as of: 06-09-2015

For more information visit www.XDATA.co

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s