We introduce Coupled Flow Matching (CPFM), a framework that integrates controllable dimensionality reduction and high-fidelity reconstruction. CPFM learns coupled continuous flows for both the high-dimensional data x and the low-dimensional embedding y, which enables sampling p(y|x) via a latent-space flow and p(x|y) via a data-space flow. Unlike classical dimension-reduction methods, where information discarded during compression is often difficult to recover, CPFM preserves the knowledge of residual information within the weights of a flow network. This design provides bespoke controllability: users may decide which semantic factors to retain explicitly in the latent space, while the complementary information remains recoverable through the flow network. Coupled flow matching builds on two components: (i) an extended Gromov-Wasserstein optimal transport objective that establishes a probabilistic correspondence between data and embeddings, and (ii) a dual-conditional flow-matching network that extrapolates the correspondence to the underlying space. Experiments on multiple benchmarks show that CPFM yields semantically rich embeddings and reconstructs data with higher fidelity than existing baselines.