What is FloQast?
Founded in 2013 and headquartered in Los Angeles, FloQast provides an AI-powered Accounting Transformation Platform. The company specializes in streamlining the financial close process, offering a suite of tools that include automated account reconciliations, journal entry management, and compliance monitoring. By integrating AI agents that operate under human oversight, FloQast enables corporate accounting teams to standardize operations and improve audit readiness, positioning itself as a critical infrastructure provider for modern enterprise finance departments.
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 Polaris Partners, Amplify.LA, Wavemaker Partners, and Toba Capital
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 Sapphire Ventures, ICONIQ Growth, and Meritech Capital
Key Investors in FloQast
ICONIQ Growth
ICONIQ Growth partners with exceptional entrepreneurs and leaders who drive global impact and change, leveraging a vibrant ecosystem of founders to support companies from early growth stage to IPO.
Meritech Capital Partners
Meritech Capital specializes in building market-leading companies in significant markets, providing deep insights and benchmarking capabilities to enhance the market position of their portfolio companies.
Sapphire Ventures
Sapphire Ventures is a Palo Alto-based venture capital firm focused on investing in and providing strategic services to high-growth technology companies.
What's next for FloQast?
Following this major strategic investment, FloQast is well-positioned to scale its AI-driven product roadmap and deepen its penetration into the enterprise market. The company's focus remains on enhancing its automated reconciliation capabilities and expanding its suite of compliance tools. As the firm transitions into its next phase of maturity, the focus will likely shift toward global market adoption and the integration of more sophisticated predictive analytics, further cementing its role as a leader in the accounting software ecosystem.
See full FloQast company page
