FloQast has become a unicorn workflow solution provider after raising $110 million in Series D funding. The round was led by Meritech Capital with participation from Redpoint Ventures, Sapphire Ventures, Coupa Ventures, and continued participation from prior investors including Insight Partners, Polaris Partners, and Norwest Venture Partners. George Bischof of Meritech Capital will also join FloQast’s Board of Directors.
After this round of funding, FloQast’s valuation stands at $1.2 billion. This fresh funding will be used by FloQast to accelerate workflow innovation and development and expand partnerships and work to reach more customers. The funding will also help the company scale its team to support FloQast’s rapid growth.
"Today’s finance and accounting functions are undergoing major transformations to become more automated, collaborative and insightful," said George Bischof, general partner at Meritech Capital. "FloQast has established itself as the market leader in enabling these transitions by delivering easy-to-use, non-disruptive solutions that work the way accounting and finance professionals work."
FloQast’s accounting workflow automation software consistently delivers on the company’s vision to ease the daily burden of finance and accounting professionals so they can focus on more strategic work. The company has more than 1,400 customers globally.