FloQast, a Sherman Oaks, CA-based enterprise software company that provides month-end closing software for accountants, raised $6.5m in Series A funding.
The round was co-led by Polaris Partners and Toba Capital with participation from Amplify.LA, Wavemaker Partners, and Danmar Capital. In conjunction with the funding, Gary Swart, a partner at Polaris, joined FloQast’s board.
The company intends to use the funds to accelerate product development and expand sales and marketing.
Co-founded in 2013 by Mike Whitmire, Cullen Zandstra, and Chris Sluty, FloQast develops cloud-based software that connects the applications accountants daily use to organize, collaborate, and close the books faster.
The software is a dynamic solution that works with Microsoft Excel.