FloQast Raises $110M in Series D Funding

FloQast, a Los Angeles CA-based provider of workflow automation software for accountants, raised $110M in Series D funding at a valuation of $1.2 billion.

The round was led by Meritech Capital with participation from Redpoint Ventures, Sapphire Ventures, Coupa Ventures, Insight Partners, Polaris Partners and Norwest Venture Partners. In conjunction with the funding, George Bischof of Meritech Capital will join FloQast’s Board of Directors.

The company intends to use the funds to expand its development efforts, expand its roster of global partners and customers, and continue to scale the team to support its growth.

Led by Mike Whitmire, CEO, FloQast provides a cloud-based, AI-enhanced automation platform for accountants to streamline their workflows and make them more efficient. The company, which currently serves more than 1,400 customers globally, recently launched FloQast ReMind, a new request management workflow add-on to the FloQast Close solution that automates manual tasks and delivers visibility across the close process.