FloQast Raises Series E Round

FloQast, a provider of cloud-based accounting workflow automation software designed to streamline and improve the efficiency of common accounting processes, recently closed its Series E round, covered in March by the Prime Unicorn Index, raising $100.25 million. This information was disclosed through a Limited Offering Exemption Notice (LOEN) filed with California in April 2024. 

This round was led by ICONIQ Growth, with participation from BDT & MSD Partners, World Innovation Lad (WiL), Meritech Capital, and Sapphire Ventures. The round gives FloQast a post-money valuation of $1.53 billion, calculated by the Prime Unicorn Index.

According to an interview with FloQast’s CEO, Mike Whitmire, the series E round is intended to be the company’s last round of fundraising before its IPO, which he sees as a couple of years out. 

See FloQast’s valuation growth below.