Thursday, April 11, 2024

FloQast Gets $100M, Valued At $1.6 Billion

Los Angeles-based finance and accounting software developer FloQast said on Wednesday that it has raised $100M in a Series E funding round, which valued the company at $1.6 billion. The funding was led by ICONIQ Growth, and also included BDT & MSD Partners, WiL (World Innovation Lab), along with Meritech Capital and Sapphire Ventures. ICONIQ Growth's Roy Luo joins the company's board of directors as part of the funding. White Whitmire is CEO and co-founder of FloQast.