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Coupa Ventures; Medius study; US economy

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Coupa on Thursday launched Coupa Ventures, a $50 million investment fund that will aim to foster innovation in business spend management (BSM).

The fund will invest in early and growth-stage companies. In a press release, Coupa said it will focus on breaking down inefficiencies in how businesses manage spend, aligning processes and decisions across the supply chain, procurement and finance functions.

How do you find the right procurement technology and vendor for your company? Spend Matters’ new 5-step “Procurement Technology Buyer’s Guide” can help — with how-to documents, checklist templates and other tips.

Coupa also unveiled the first two portfolio companies under Coupa Ventures. Zylo has a platform that helps businesses manage their cloud operations. SourceDay focuses on solutions for smoother direct procurement spend and supplier…

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