Tonkean

San Francisco, CA, United States Enterprise Software Acquired

Tonkean is an AI-powered enterprise intake and process orchestration platform that helps shared service teams (procurement, legal, HR, IT) streamline complex business operations through adaptive, no-code automation. The platform orchestrates processes across 250+ applications, integrating with existing systems and enabling teams to build processes that people actually follow without replacing underlying tools.

Acquired

Tonkean has been acquired

Acquired by Cinch Dec 2, 2025

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2015

Employees

51–200

Total Funding

$81.2M

3 rounds

Secondary Signals (Note: SetterVC does not verify the accuracy of these)

1 signal
M&A Recent deal terms undisclosed; prior Series B (2021) valued company at ~$300M 2026-05-21

Acquired by Coupa Software to accelerate agentic intake and orchestration for global trade.

Standalone equity extinguished; exit event, no further secondary market in Tonkean shares.

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Total raised $81.2M across 3 rounds

Last updated 09-16-2026

DateRoundAmount RaisedValuationLead Investors
Jun 24, 2021 Series B TechCrunch $50M $0.3B Accel
Apr 8, 2020 Series A TechCrunch $24M — Lightspeed Venture Partners
Oct 23, 2019 Seed Press release $7.2M — Foundation Capital

Leadership

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • UiPath

    RPA and agentic automation platform for enterprise task automation and process orchestration

  • Automation Anywhere

    Cloud-native RPA platform combining traditional automation with generative AI and process discovery

  • Nintex

    Process automation and intelligent workflow management platform

  • Tray.io

    iPaaS and workflow automation platform for enterprise integration

  • Kissflow

    Low-code workflow automation and business process management platform

  • Zapier

    Integration and workflow automation platform for connecting apps

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