Fundraising FoxConcur
Unicorn exit · $8.3Bacquired by SAP2 known investors
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Acquired by SAP September 2014 · $8.3B ($129 per share, ~$8.3 billion enterprise value) · source ↗
SAP Concur is a spend management platform that consolidates travel, expense, and accounts payable processes in a single system for organizations to track and control spending. The platform serves mid-to-large enterprises seeking to enforce spending policies, reduce fraud, and gain visibility into organizational expenditures.
Investors · 2
How we know: Mayfield Fund's portfolio page · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
Acquisitions · 1
Early investors' stakes continue via these dealsHipmunk is a travel search platform that aggregates flight, train, hotel, and rental accommodation options from multiple providers into a single interface for comparison and booking.
Frequently asked questions
- What does Concur do?
- SAP Concur is a spend management platform that consolidates travel, expense, and accounts payable processes in a single system for organizations to track and control spending. The platform serves mid-to-large enterprises seeking to enforce spending policies, reduce fraud, and gain visibility into organizational expenditures.
- Who are Concur's investors?
- Concur's investors include Mayfield Fund, RRE Ventures.
- Who acquired Concur?
- Concur was acquired by SAP.