Rossum Acquisition, Valuation, Funding & Investors
Rossum was acquired by Coupa in May 2026.
Cumulative funding Rossum raised
$125M
across 7 funding rounds
Key investors in Rossum
MITON
LocalGlobe
StartupYard
General Catalyst
Seedcamp
Verissimo Ventures
DIG Ventures
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Ryan Petersen
About Rossum
Rossum is a Prague-headquartered provider of AI-powered document automation for enterprises. The cloud platform processes invoices, orders, and statements, serving over 275 businesses worldwide including Siemens, Doordash, and Bosch. It extracts data from PDFs and images using cognitive capture, integrates with ERP systems like SAP and Oracle, and automates AP workflows. Founded in 2017, Rossum combines machine learning with human-in-the-loop validation.
Founded
2017
HQ
PragueWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Valuation
$510M (Oct 2021)
Rossum Acquisition
Rossum was acquired by Coupa for an undisclosed price on 11 May 2026.
Before the acquisition Rossum had raised $125M across 7 funding rounds.
Coupa acquired Rossum, a Prague-founded company whose artificial-intelligence software reads and processes business documents such as invoices. The deal was announced on 12 May 2026 at Coupa's Inspire conference and the financial terms were not disclosed. Rossum was started by Tomas Gogar, Petr Baudis and Tomas Tunys, employs about 150 people, most of them in Prague, and had been a Coupa partner since 2024. Coupa said it will put Rossum's transactional language model across its spend-management platform so that more invoice and accounts-payable work runs without manual handling. Guggenheim Securities was financial adviser and Orrick, Herrington & Sutcliffe legal adviser to Rossum, and Kirkland & Ellis advised Coupa.
| Acquirer | Date | Type |
|---|---|---|
| 11 May 2026 | Strategic M&A |
Rossum Valuation
Rossum is currently valued at $510M, based on its Series A in October 2021.
The $99M round was led by General Catalyst, with participation from MITON, LocalGlobe, DIG Ventures, Seedcamp and Verissimo Ventures.
Rossum valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2021 | Series A | $510M |
Rossum Funding History
Rossum has raised a total of $125M across 7 funding rounds.
Rossum's first fundraising round was a $300K seed round in January 2017. The most recent completed round was a $8M seed round in January 2024.
Rossum funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2024 | Seed | General Catalyst (lead) | $8M | - | - |
| Oct 2021 | Series A | General Catalyst (lead); MITON; LocalGlobe; DIG Ventures; Seedcamp; Verissimo Ventures | $99M | $510M | Rossum is a Czech AI startup founded in 2017, based in Prague and London, that develops technology to automate B2B document processing, such as invoices, aiming to reinvent business communication by reducing manual data entry and transaction handling. The company raised $100 million in a record Series A round on October 20, 2021, led by General Catalyst, with participation from existing investors LocalGlobe, Seedcamp, Miton, and Elad Gil, marking one of Eastern Europe's largest Series A rounds and bringing total funding to approximately $104-110 million. Rossum's customers include major firms like Cushman & Wakefield, BDO, Suez, PwC, Bosch, Siemens, Veolia, EY, and Adyen, with the company claiming to save billions of keystrokes and over 90% of manual document work; client base grew fivefold in the prior 12 months. Funds were allocated to hiring AI and engineering talent, expanding to new US, Europe, and Asia hubs, product development, partnerships, and establishing an AI research center in Prague with local universities. |
| Nov 2019 | Seed | LocalGlobe (lead) | $9M | - | Rossum is a cloud-based data extraction platform using deep learning to automate manual data entry and document processing, particularly for invoices and similar semi-structured documents. Founded in 2017 by three PhD-level AI researchers (Tomas Gogar, Petr Baudis, and Tomas Tunys), the company processes documents across accounting, logistics, insurance, and real estate management sectors. In November 2019, Rossum raised $4.5 million in a seed funding round led by LocalGlobe, with participation from Seedcamp, Miton, and StartupYard. The company used proceeds to develop its technology across multiple sectors and establish a US office. By the time of this round, Rossum was already serving Fortune 500 customers including Siemens, with deployments across multiple continents. Rossum's technology delivers significant efficiency gains, enabling document processing with over 90% reduction in manual work compared to traditional methods. The platform operates as an official technology partner with major robotic process automation vendors UiPath and Blue Prism, positioning itself at the intersection of AI-driven document processing and enterprise automation. |
| Nov 2019 | Seed | LocalGlobe (lead); Michael Stoppelman; MITON; StartupYard; Seedcamp; Vijay Pandurangan; Ryan Petersen | $9M | - | Rossum is a cognitive data capture company founded by former AI PhD students Tomas Gogar, Petr Baudis, and Tomas Tunys, applying machine learning to understand documents like humans do, primarily processing invoices and delivery notes for sectors including accounting, logistics, insurance, and real estate. The platform extracts data six times faster than humans, saving up to 80% of costs, and is used by Fortune 500 companies like Siemens on every continent. On November 27, 2019, Rossum raised $4.5 million in a seed round led by LocalGlobe, with participation from Seedcamp, Miton, StartupYard, and angels including Michael Stoppelman, Ryan Petersen, and Vijay Pandurangan. This followed a $1 million pre-seed from Miton and StartupYard and a prior $3.5 million seed also led by LocalGlobe. Funds supported product development across sectors, US office opening, and global expansion. |
| Mar 2018 | Seed | MITON (lead); StartupYard | $800K | - | - |
| Mar 2018 | Seed | MITON (lead) | $800K | - | - |
| Jan 2017 | Seed | MITON (lead); StartupYard | $300K | - | - |
Who has invested in Rossum?
10 investors have backed Rossum across its funding rounds, including MITON, LocalGlobe, StartupYard, General Catalyst, Seedcamp and Verissimo Ventures.
Lead investors include General Catalyst, LocalGlobe and MITON.
Rossum Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Prague | 5 | Lead | Jan 2017 | |
 London | 3 | Lead | Nov 2019 | |
| Prague | 3 | Participant | Jan 2017 | |
 San Francisco, CA | 2 | Lead | Oct 2021 | |
| London | 2 | Participant | Nov 2019 | |
| Michael Stoppelman | Los Angeles, CA | 1 | Participant | Nov 2019 |
| London | 1 | Participant | Oct 2021 | |
| Vijay Pandurangan | New York City, NY | 1 | Participant | Nov 2019 |
This data is available for Pro users. Sign up to see all 10 Rossum investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialRossum Competitors
Rossum competitors include listed companies like Beijing Hanyi Innovation and ExaWizards, and private ones like Nirvana, Sema4.ai, Beyond Imagination and HavocAI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $508M | - | |
| Atlanta, GA | Private | - | - | $505M | - | |
| Los Angeles, CA | Private | - | - | $500M | - | |
| Providence, RI | Private | - | - | $500M | - | |
 China | Publicly listed | $28M | $5M | $493M | 13.9x | |
 Japan | Publicly listed | $77M | $13M | $558M | 5.7x |
Rossum Public Comps
Rossum is no longer listed, but its public comps include Beijing Hanyi Innovation, ExaWizards, Ropeok Technology Group, PKSHA Technology, Reconova Technologies, Datasection, Vrain Solution, Coveo Solutions, AInnovation Technology and Abeja.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $28M | $5M | 15.6x | 13.9x | 89.9x | 50.9x | |||
| $77M | $13M | 6.6x | 5.7x | 39.3x | - | |||
| $23M | ($28M) | 18.6x | - | (15.2x) | - | |||
| $140M | $47M | 4.1x | 2.4x | 12.2x | 10.7x | |||
| $66M | ($8M) | 10.0x | - | (82.0x) | - | |||
| $216M | $27M | 1.6x | 1.6x | 12.7x | 13.0x | |||
| $21M | $6M | 14.5x | 11.5x | 49.0x | - | |||
| $148M | ($25M) | 1.2x | 1.2x | (7.3x) | 107.6x | |||
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Common questions about Rossum
| When was Rossum founded? | Rossum was founded in 2017. |
| Where is Rossum headquartered? | Rossum is headquartered in Prague, Czech Republic. |
| Is Rossum publicly listed? | No, Rossum was acquired by Coupa in May 2026. |
| Who acquired Rossum? | Rossum was acquired by Coupa in May 2026. |
| What is Rossum's valuation? | Rossum was last valued at $510M in its Series A in October 2021. |
| How much funding has Rossum raised? | Rossum has raised $125M across 7 funding rounds. |
| What was Rossum's last funding round? | Rossum's last funding round was a $8M seed round in January 2024, led by General Catalyst. |
| Who are Rossum's investors? | Rossum's investors include MITON, LocalGlobe, StartupYard, General Catalyst, Seedcamp, Michael Stoppelman, DIG Ventures, Vijay Pandurangan, Verissimo Ventures and Ryan Petersen. |
| Which companies are comparable to Rossum? | Companies comparable to Rossum include Nirvana, Sema4.ai, Beyond Imagination, HavocAI, Beijing Hanyi Innovation and ExaWizards. |
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