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; US$200m in annual recurring revenue in January 2026; managed services agreement with EY |
| Pricing | Per company by modules and size; not published |
| Markets | US, UK, Europe and Australia; offices in the US, London, Berlin, Sydney and Pune |
| Peers | BlackLine, Numeric, Trullion, Stacks AI, Nominal |
Funding
- Announced rounds
- US$210m in two rounds
- Latest round
- Series E, US$100m, April 2024, led by ICONIQ Growth
- Valuation
- Valued at US$1.6bn in April 2024, at its Series E
What was FloQast's last announced valuation?+
FloQast was valued at US$1.6bn in April 2024, at its Series E, up from US$1.2bn at its Series D in July 2021.
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.
Part of Accountio’s accounting technology coverage.
FloQast compared
