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Supply Chain Deals

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Coupa, a Thoma Bravo-backed supply chain tech platform, acquired VC-backed procurement tech startup Scoutbee, the companies tell Axios exclusively.

Why it matters: Supply chain technology is increasingly consolidating as AI transforms firms' capabilities and draws additional investor interest.

What they're saying: Scoutbee brings "two big things to the supply chain," Coupa chief product and technology officer Salvatore Lombardo tells Axios Pro.

"They have an engine already which allows me to enhance a supplier profile with an AI mechanism, which suppliers make their storefront in the network," he says. 

"And the second thing which they have is the discovery functionality on the buyer side and really high accuracy on finding the supplier," he adds. "A buyer can find a supplier for every need." 

What's next: The Scoutbee deal will close by the end of the month, Lombardo says.

While Coupa doesn't expect any more deals before the end of the year, the company aims to make multiple acquisitions in 2026, he says.

Catch up quick: Thoma Bravo acquired Coupa in an all-cash deal valuing the firm at $8 billion in 2023.

Coupa acquired Croatia-based category management provider Cirtuo in May of this year.

Scoutbee raised a $60 million Series B led by Atomico in 2020.

Zoom in: The deal will integrate Scoutbee's AI-powered search, supplier network and data with Foster City, Calif.-based Coupa's platform.

Coupa is a major player in the supply chain tech world, boasting more than 10 million buyers and suppliers.

State of play: Supply chain technology M&A and fundraising deals have picked up in recent weeks.

Freight management startup Rose Rocket acquired supply chain risk startup Centro last week.

Lyric, a Sunnyvale, Calif.-based supply chain intelligence platform, raised a $43.5 million Series B led by Insight Partners.

GoodShip, a supply chain management platform, raised a $25 million Series B preempted by Greenfield Partners.

acquired supply chain risk startup Centro

Exclusive: Thoma Bravo-backed supply chain tech firm Coupa acquires Scoutbee

Supply chain technology is increasingly consolidating as AI transforms firms' capabilities and draws additional investor interest.

Illustration of shipping containers sacked like Jenga blocks with a hand removing one

Coupa, a Thoma Bravo-backed supply chain tech platform, acquired VC-backed procurement tech startup Scoutbee, the companies tell Axios exclusively.Why it matters: Supply chain technology is increasingly consolidating as AI transforms firms&#x27; capabilities and draws additional investor interest.

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Exclusive: Thoma Bravo-backed supply chain tech firm Coupa acquires Scoutbee

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