Spend management software provider Ivalua raises $60 million at a $1 billion valuation

Ivalua CEO and founder David Khuat-Duy said the newfound cash will support future investments in organic product innovation, global expansion, and possibly strategic acquisitions. Its dashboards collate supplier information, including risk and performance, and bubble bids and contracts to the surface as they come in. They also organize spend categories in modular, drag-and-drop workflows; track invoices and savings; and pack powerful analysis tools that let project managers drill down into classifications. “We have been supporting Ivalua since 2011, at the start of their global expansion,” said Adrian growth head Laurent Foata. I am extremely grateful to Ivalua’s founders for their long-term trust and congratulate the team for this tremendous journey, in which they remain the majority shareholder.” Khuat-Duy believes there’s plenty of room for expansion — he pegs the spend management sector at $20 billion — and the market’s current momentum lends credence to this claim.