Coupa Software, a San Mateo, CA-based provider of spend optimization software, completed a $22m Series E financing.
The round was led by new investor Crosslink Capital, with participation from Battery Ventures, BlueRun Ventures, El Dorado Ventures and Mohr Davidow Ventures.
The company intends to use the funding to expand globally.
Founded in 2006 and led by CEO Rob Bernshteyn, Coupa Software provides cloud-based spend optimization software. More than 200 customers in 40 countries use the company’s platform to gain visibility and control of their spending costs.
In conjunction with the funding, Crosslink Capital General Partner Jim Feuille will join Coupa’s board of directors as a board observer.