FloQast raises $6.5M

What does FloQast do?

FloQast, is an enterprise software company which helps manage accounting departments by centralizing the workflow, maintaining support documents, assigning tasks and automating reconciliations. This is the fastest and most accurate way of closing the books. With this software company you can close your books efficiently in a collaborative and secured environment. It is a close management solution formed by accountants for accountants. CEO and founder Mike Whitmire built this company for addressing many inefficiencies and repetitive processes which he believe automated for great accuracy and efficiency. The company knows the intricate processes people go through for closing their books and how hard it can be without a good software for organizing and automating processes.

How much FloQast was funded?

The company raised$6.5M in Series A on March 16, 2016 from Danmar Capital, Amplify.LA, Wavemaker Partners, Polaris Partners and Toba Capital.

Previous funding

• $50k on October 7, 2013 from LA
• $1.3M on November 5, 2014 from Toba Capital, Wavemaker Partners and LA

What is next for FloQast?

The latest funding will be used by the company for further accelerating its product development and expanding its sales and marketing.  Gary Swart, partner at Polaris Partner, which was an investor in the company’s latest funding, has joined the FloQast’s board of directors.

More about FloQast

The company was founded in 2013 by Mike Whitmire and Cullen Zandstra. It has its headquarters in Los Angeles, CA. This company has replaced a manual, antiquated and complex process with  elegant tech solutions for accounting departments. The company was originally created for making the lives of accountants easy by working how they already work. It is the fastest of closing your books and it has an easy to navigate interface which can be familiar even for users who are trying it for the first time.