Add-on·Technology/Vertical SaaS·May 27, 2026
Thoma Bravo-Backed Coupa Acquires Tonkean
The add-on brings no-code process building, 250-plus native connectors and multi-agent orchestration into Coupa's spend management platform.
Takeaways
- Tonkean is a enterprise intake and workflow orchestration software provider.
- Coupa is acquiring Tonkean with backing from Thoma Bravo.
BuyerCoupa
TargetTonkean
SponsorThoma Bravo
TypeAdd-on
IndustryTechnology
Sub-sectorVertical SaaS
Thoma Bravo-backed Coupa acquired Tonkean, an enterprise intake and workflow orchestration software provider for internal service teams including procurement and legal.
The deal adds no-code process building, 250-plus native connectors and multi-agent orchestration to Coupa’s autonomous spend management platform, which serves a network of more than 3,500 buyers and 10 million suppliers.
Tonkean was founded in 2015 and is headquartered in Palo Alto, with R&D in Tel Aviv.
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