Floqast logo
Founded 2012

Floqast

2018 Revenue

$8.0M

YOY

Funding

$229.9M

How Floqast hit $8.0M in Revenue with 1K Customers in 2018.

About Floqast

FloQast close management software, created by accountants, simplifies your monthly close with a centralized checklist and automated tie-outs. Learn more.

Monthly Revenue

$666.7K

Total Expenses

$666.7K

=
Net Income

$0.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Floqast CEO Mike Whitmire on 07/21/2021

Watch the podcast


Headquarters

Los AngelesCaliforniaUnited States
$Funding$Revenue

Floqast Revenue

In 2018, Floqast revenue run rate hit $8.0M in revenue.

$8.0M

Floqast Valuation and Funding History

Floqast has raised a total of $229.9M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
07/21/2021$110.0M$1.2B
01/21/2020Series C$40.0M
01/10/2020Series C$27.0M
12/20/2018Venture Round$20.0M
06/21/2017Series B$25.0M
03/16/2016Series A$6.5M
11/05/2014Seed Round$1.3M
10/07/2013Pre Seed Round$50.0K

Customers

Floqast has 1K customers.

Lifetime Months

×
Monthly ARPU

$1.7K

=
Lifetime Dollars


Acquisition Cost

$16.0K

Average Annual Price

$20.0K

$0$20.0K10 month payback period024681012

Churn

Floqast has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

12.00%

Net Revenue Retention

112.00%

Team

Employees

Floqast has 251 employees. They have 66 sales reps that carry a quota, an engineering team of 64 and a marketing team of 10.

201820192020202142.00%▲14.00%▲63.00%▲
DistributionQty

Total Team Size

251

Engineers

64 (25%)

Sales

66 (26%)

Marketing

10 (4%)

CEO/Founder

Mike Whitmire

Inactive CPA turned Entrepreneur. I love building software that helps accountants go home early.


CEO Q&A

What's your age?

33

Favorite online tool?

Slack

Favorite book?

Predicatle Revenue

Favorite CEO?

Rob Minehard, first investor and Zach Nelson of Netsuite

Advice for 20 year old self

Starting a company is very doable


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Frequently Asked Questions about Floqast

When was Floqast founded?

Floqast was founded in 2012.


Who is the CEO of Floqast?

The CEO of Floqast is Mike Whitmire


How many employees does Floqast have?

Floqast has 251 employees.

How much revenue does Floqast generate?

Floqast generates $8.0M in revenue.


How much funding does Floqast have?

Floqast has raised $229.9M.


Where is Floqast headquarters?

Floqast is headquartered at Los AngelesCaliforniaUnited States

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