FloQast Raises $100M in Series E Funding at $1.6 Billion Valuation

FloQast, a Los Angeles, CA-based finance and accounting operations platform provider, raised $100M in Series E funding, at $1.6M Billion valuation. The round was led by ICONIQ Growth, with participation from BDT & MSD Partners and WiL (World Innovation Lab), alongside board member Meritech Capital as well as Sapphire Ventures. It will also drive continued growth and global expansion efforts, enabling the company to deliver digital innovation within accounting and finance teams. Led by CEO Mike Whitmire, FloQast provides a platform that enables organizations to operationalize accounting management. With FloQast, teams can utilize advancements in AI technology to manage aspects of the month-end close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration throughout the financial function.