About FloQast
FloQast is a company based in Los Angeles (United States) founded in 2013 by Chris Sluty, Mike Whitmire, and Cullen Zandstra.. FloQast has raised $291.85 million across 7 funding rounds from investors including Coupa, Vebu and Norwest Venture Partners. FloQast offers products and services including Optimize the Close, Automate the Close, Connected Compliance, and Integrated Record-to-Report. FloQast operates in a competitive market with competitors including Canopy, SafeSend, Silverfin, Suralink and Grasp, among others.
- Headquarter Los Angeles, United States
- Founders Chris Sluty, Mike Whitmire, Cullen Zandstra
- Stage Unicorn
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Sectors
Technology
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Phone
*********
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Website
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Social
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- Legal Name Floqast, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$291.85 M (USD)
in 7 rounds
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Latest Funding Round
$100 M (USD), Series E
Apr 10, 2024
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Investors
Coupa
& 13 more
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Employee Count
Employee Count
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Products & Services of FloQast
FloQast offers a comprehensive portfolio of products and services, including Optimize the Close, Automate the Close, Connected Compliance, and Integrated Record-to-Report. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for standardizing and centralizing accounting operations.
Automates reconciliations and journal entries for accuracy.
Manages risk and evidence collection for audits.
Accelerates financial reporting and consolidation processes.
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Funding Insights of FloQast
FloQast has successfully raised a total of $291.85M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $100 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series E — $100.0M
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First Round
First Round
(07 Oct 2013)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series E - FloQast | Valuation | ICONIQ Growth | |
| Jul, 2021 | Amount | Series D - FloQast | Valuation | Meritech | |
| Jan, 2020 | Amount | Series C - FloQast | Valuation | Norwest Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FloQast
FloQast has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Coupa, Vebu and Norwest Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on SaaS, mobile tech, AI, and multiple sectors
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Founded Year | Domain | Location | |
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Private equity investments are directed toward US-based companies.
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Founded Year | Domain | Location | |
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Venture capital firm partnering with enterprise software companies and early-stage funds.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FloQast
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FloQast
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Floqast Comparisons
Competitors of FloQast
FloQast operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Canopy, SafeSend, Silverfin, Suralink and Grasp, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Practice management software is offered for accounting professionals.
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| domain | founded_year | HQ Location |
Tax automation solutions are provided for accountants' digital return delivery.
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| domain | founded_year | HQ Location |
Cloud-based accounting workflow and practice management solutions for businesses
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| domain | founded_year | HQ Location |
Workflow management software is provided for accounting firms' document handling.
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| domain | founded_year | HQ Location |
Grasp is focused on preventing errors in media buying.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Floqast
Frequently Asked Questions about FloQast
When was FloQast founded?
FloQast was founded in 2013.
Where is FloQast located?
FloQast is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of FloQast?
Mike Whitmire is the current CEO of FloQast. They have also founded this company.
Is FloQast a funded company?
FloQast is a funded company, having raised a total of $291.85M across 7 funding rounds to date. The company's 1st funding round was a Series C of $40M, raised on Oct 07, 2013.
What does FloQast do?
FloQast was founded in 2013 in Los Angeles, United States, and operates in the financial software sector. Account reconciliation is automated through its core platform, with additional tools provided for managing month-end close tasks, conducting financial analysis and planning, identifying operational bottlenecks, and integrating with ERP systems. Services are delivered via the cloud to support finance teams in streamlining processes.
Who are the top competitors of FloQast?
What products or services does FloQast offer?
FloQast offers Optimize the Close, Automate the Close, Connected Compliance, and Integrated Record-to-Report.
Who are FloQast's investors?
FloQast has 14 investors. Key investors include Coupa, Vebu, Norwest Venture Partners, Siemer & Associates, and BDT & MSD Partners.
What is FloQast's valuation?
The valuation of FloQast is $1.2B as of Jul 2021.
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