Estimated reading time: 0 minutes, 48 seconds

FLOQAST NABS $100 MILLION Featured

FloQast, which makes accounting and finance software for corporate accountants, has raised $100 million in Series E funding.

The Los Angeles, Calif.-based company also reported it recently had achieved $100 million in annual recurring revenue. The funding will be invested in R&D for developing new products and the company singled out artificial intelligence as an area of new development. FloQast will also use the capital for expanding globally. It markets products that include FloQast Close, Reconciliation Management, Variance Analysis and Compliance Management. The company’s products integrate with ERP systems including Dynamics AX, GP , Nav, Business Central, and Finance and Infor, Sage Intacct, NetSuite and SAP S/4 Hana. FloQast’s channel includes consulting partners such as Aprio,  BDO, Crowe and Forvis and resellers including BakerTilly, Cargas, EideBailly, RKL eSolutions and Sikich. The round was led by Iconiq Growth with BDT, MSD Partners and World Innovation Labs as new investors. Existing investors Meritech Capital and Sapphire Ventures also participated.

Read 398 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.