FloQast
Close management and accounting workflow platform built by former accountants for the controller’s office, valued at $1.6bn after a $100m Series E in 2024 and used by more than 3,500 accounting teams.
| Founded | 2013, Los Angeles |
|---|---|
| Founders | Mike Whitmire (CEO, CPA), Chris Sluty, Cullen Zandstra |
| Ownership | Private; Series E US$100m, 2024, at US$1.6bn; investors include ICONIQ Growth, Meritech and Norwest |
| Customers | More than 3,500 accounting teams including Shopify, Lululemon, Chipotle, Zoom and Snowflake |
| What it does | Close checklists, reconciliations, flux analysis, compliance and audit workflows, and an AI layer it calls the Accounting Transformation Platform, working on top of the ERP |
| Recent moves | AI agents for reconciliation and variance work; expansion into audit and compliance; IPO speculation as a $1.6bn private company |
| Pricing | Per company by modules and size; not published |
| Markets | US, UK, Australia |
| Peers | BlackLine, Numeric, Trullion, Stacks AI, Nominal |
Why it matters
FloQast reached a $1.6 billion valuation by selling to the mid-market controllers BlackLine’s enterprise product missed, and it now faces the same squeeze from Numeric and Maxima that it once applied to BlackLine. It is the largest private company in close software.
Updated September 2026.
Part of Accountio’s accounting technology coverage.
