Coupa Software has received a valuation of $940 million with its new $80 million raise. Led by T. Rowe Price Associates and Iconiq Capital, the funding will be used to grow the company's operations, sales, support and marketing worldwide. The fresh valuation is roughly triple the company's post val from its previous funding of $40 million in March 2014. Coupa's cloud-based spend management solutions feature tools for finance including accounts payable, sourcing, procurement and expense management. Qatalyst Partners served as the exclusive placement agent to Coupa in the round.