What is FloQast?
Founded in 2013, FloQast provides an AI-powered Accounting Transformation Platform specifically engineered by accountants for the unique demands of corporate finance departments. The company's core value proposition lies in its ability to streamline, standardize, and automate the financial close process through a unified interface. Its product ecosystem includes sophisticated close management checklists, automated account reconciliations, journal entry automation, and variance analysis tools. By integrating AI agents that operate under human oversight, FloQast enables accounting teams to reduce manual labor, improve compliance, and gain real-time visibility into their financial operations, effectively positioning itself as an essential component of the modern enterprise software stack.
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 Amplify LA and Toba Capital
Series A (2016): $6.5M supported by Amplify.LA, Toba Capital, Polaris Partners, and Wavemaker Partners
Series B (2017): $25M featuring Polaris Partners, Insight Venture Partners, and Toba Capital
Series C (2020): $40M backed by Norwest Venture Partners
Series D (2021): $100M with participation from Coupa Ventures, Sapphire Ventures, Redpoint Ventures, and Meritech Capital Partners
Series E (2024): $100M led by Sapphire Ventures, Meritech Capital, and ICONIQ Growth
Key Investors in FloQast
ICONIQ Growth
ICONIQ Growth partners with exceptional entrepreneurs and leaders who drive global impact, leveraging a unique ecosystem of founders and business leaders to amplify portfolio success from early growth stage to IPO.
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.
Meritech Capital
Meritech Capital is a venture capital and private equity firm that specializes in building market-leading companies through data-driven strategies and deep industry insights.
What's next for FloQast?
With the successful completion of its latest financing round, FloQast is well-positioned to accelerate its product roadmap and expand its market footprint. The strategic focus will likely center on deepening the capabilities of its AI agents to handle increasingly complex reconciliation tasks and expanding its suite of compliance and audit-readiness features. As the company scales, it is expected to leverage its strong investor network—including firms like ICONIQ Growth and Sapphire Ventures—to drive further adoption among large-scale enterprises. The ongoing investment in its platform architecture suggests a long-term commitment to defining the future of the office of the CFO, where automation and data-driven insights become the standard for financial excellence.
See full FloQast company page
