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Coupa, a financial software company valued at over $1 billion, is filling for IPO

The most interesting numbers from Coupa’s filing:

  • It had $83.6 million in revenue in 2015 (up 66% year-over-year)
  • It lost $46 million last year. But its net loss is shrinking, as it lost $24.3 million in the first six months of this year, slightly down from the $25.1 million net loss recorded in the same period of last year.
  • It spent 65% of its revenue on sales and marketing. That dropped to 58% in the first six months of this year.
  • Holds ~$80 million in cash as of July 2016. Coupa’s raised $169 million in total in private funding.

Coupa is best known for its procurement software that helps companies buy suppliers and manage suppliers, though it also offers other financial software.

Coupa last raised $80 million in June 2015, when it was reportedly valued at over $1 billion. That means the company earned the coveted “unicorn” status with less than $100 million in annual revenue.

Business Insider (8 Sept)