FloQast, Inc., a Los Angeles, CA-based provider of close management software for accountants, completed a $25m Series B round of financing.
The round, which brings total capital raised to date to $33m, was led by Insight Venture Partners with participation from current investors Toba Capital and Polaris Partners. In conjunction with the funding, Harley Miller, vice president of Insight Venture Partners, will join FloQast’s board of directors.
The funds will be used to accelerate product innovation, expand into overseas markets and scaling go-to-market capabilities.
Led by Michael Whitmire, CPA, co-founder and chief executive officer, FloQast is a developer of close management software for accountants. Working with accounting teams’ existing checklists and Excel, FloQast provides a single platform to manage the month-end close and gives everyone visibility. Customers include hundreds of accounting departments at Twilio, Nutanix, Zillow and The Golden State Warriors, Accretive Solutions, E2open, JAMF, naviHealth, Rubrik, Zscaler, and others.