What is FloQast?
Founded in 2013 and headquartered in Los Angeles, CA, FloQast offers a specialized accounting workflow automation solution designed by accountants for accountants. The company's mission is to enable finance teams to work smarter, not harder, by streamlining complex processes and improving efficiency. FloQast operates within the rapidly evolving fintech landscape, providing critical tools for modern accounting departments seeking to enhance productivity and accuracy.
How much funding has FloQast raised?
FloQast has raised a total of $272.9M across 7 funding rounds:
Other Financing Round
$50K
Angel/Seed
$1.3M
Series A
$6.5M
Series B
$25M
Series C
$40M
Series D
$100M
Series E
$100M
Other Financing Round (2013): $50K with participation from Amplify.LA
Angel/Seed (2014): $1.3M led by Toba Capital and Amplify LA
Series A (2016): $6.5M supported by Amplify.LA, Toba Capital, Polaris Partners, and Wavemaker Partners
Series B (2017): $25M featuring Toba Capital, Polaris Partners, and Insight Venture Partners
Series C (2020): $40M backed by Norwest Venture Partners
Series D (2021): $100M with participation from Sapphire Ventures, Coupa Ventures, Redpoint Ventures, and Meritech Capital Partners
Series E (2024): $100M led by ICONIQ Growth, Meritech Capital, and Sapphire Ventures
Key Investors in FloQast
ICONIQ Growth
ICONIQ Growth is a venture capital firm that partners with exceptional entrepreneurs and leaders to drive global impact. They leverage a unique investment platform and a vibrant ecosystem of founders to amplify portfolio companies' success from early growth stages through IPO.
Sapphire Ventures
Sapphire Ventures is a venture capital firm focused on investing in and providing services to technology companies. They are based in Palo Alto, California, and support innovation across the tech sector.
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm with a long history dating back to 1961. They invest in a wide range of technology and healthcare companies.
What's next for FloQast?
The substantial enterprise-level funding and recent strategic investment indicate FloQast is poised for accelerated growth and market penetration. This capital infusion is likely to be directed towards further product development, expanding its sales and marketing efforts, and potentially exploring strategic acquisitions. The company's trajectory suggests a focus on solidifying its leadership in the accounting automation space and adapting to the increasing demand for digital transformation within finance departments.
See full FloQast company page
