FloQast
The Accounting Transformation Platform
SaaS
📍 Los Angeles, California
Founded 2013
Current Valuation
$796M
as of 2024-Q2
PRIVATE
FloQast is an AI-powered Accounting Transformation Platform that automates accounting and audit workflows. Founded in 2013 by CPAs Mike Whitmire and Chris Sluty along with software engineer Cullen Zandstra, FloQast provides close management software designed by accountants for accountants. The platform unifies accounting teams to optimize and automate the close process, facilitate compliance, and accelerate record-to-report workflows. Trusted by over 3,500 global companies including Twilio, Snowflake, and other enterprise organizations, FloQast helps accounting teams reduce monthly close time by 20% and save an average of 27 hours per month. The company achieved unicorn status with a $1.6 billion valuation in April 2024 and surpassed $100 million in Annual Recurring Revenue, marking it as a leader in the accounting technology space.
Company Profile
HQ
Los Angeles, California
Est. Revenue
$100M (2024-Q2)
Growth
Fastest-growing accounting close automation company
Last Round
Series E — $60M (Apr 2024)
Founders & Key People
Mike WhitmireChris SlutyCullen Zandstra
Investors
9Yards Capital · Amplify.LA · BDT & MSD Partners · Coupa Software · ICONIQ Growth · Insight Partners · Meritech Capital Partners · Norwest Venture Partners · Polaris Partners · Redpoint Ventures · Sapphire Ventures · Toba Capital · World Innovation Lab
Products
- Close
- Reconciliation
- Compliance
- ReMind
- Variance Analysis
- Ops
Competitors
BlackLine · Trintech · Workiva · Adra
accountingfintechSaaSAIautomationclose managementfinancial softwarefinancial closereconciliationcompliance
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2024-Q2. Refreshed quarterly.