How Floqast hit $8M revenue and 1K customers in 2018.
FloQast is a Los Angeles-based company that provides cloud-based accounting software designed to streamline the financial close process for organizations. Their platform automates many of the manual tasks associated with the close process, such as reconciliations, journal entries, and variance analysis, and provides real-time visibility into the status of the close. FloQast also offers a collaboration platform that enables team members to communicate and work together more effectively, as well as tools for workflow management and compliance. The company's software is designed to integrate with leading ERP and financial systems, such as NetSuite, Oracle, and QuickBooks. FloQast's goal is to help finance teams increase efficiency, reduce errors, and gain greater control over their financial close process.
2013
Founded
$8M
2018 Revenue
-----
YOY
$229.9M
Funding
Floqast Revenue
In 2018, Floqast revenue run rate hit $8M in revenue.
-
2018
Floqast hit $8M in revenue in 2018
-
2013
Floqast launched in 2013 with $0 revenue
Floqast Funding History
-
2021 Series D
Floqast raised a Series D of in July, 2021
-
2020 Series C
Floqast raised a Series C of in January, 2020
-
2020 Series C
Floqast raised a Series C of in January, 2020
-
2018 Venture Round
Floqast raised a Venture Round of in December, 2018
-
2017 Series B
Floqast raised a Series B of in June, 2017
-
2016 Series A
Floqast raised a Series A of in March, 2016
-
2014 Seed Round
Floqast raised a Seed Round of in November, 2014
-
2013 Pre Seed Round
Floqast raised a Pre Seed Round of in October, 2013
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| July, 21 2021 | Series D | ||
| January, 21 2020 | Series C | ||
| January, 10 2020 | Series C | ||
| December, 20 2018 | Venture Round | ||
| June, 21 2017 | Series B | ||
| March, 16 2016 | Series A | ||
| November, 05 2014 | Seed Round | ||
| October, 07 2013 | Pre Seed Round |
Team
Floqast has 571 total employees and 114 sales reps that carry a quota. They have 1,000 customers an engineering team of 152 and a marketing team of 30.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 571 |
| Engineer | 152 (27%) |
| Sales | 114 (20%) |
| Marketing | 30 (5%) |
Founder / CEO
Mike Whitmire
Inactive CPA turned Entrepreneur. I love building software that helps accountants go home early.
Q&A
-
What's your age?
34
-
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
Customers
Churn
Floqast Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Mike Whitmire | CEO | [email protected] | - |
Floqast Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Mike Whitmire | CEO | [email protected] | - |
Floqast Board of Directors
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Gary Swart | Board Member | [email protected] | [email protected] |
| Patrick Mathieson | Board Member | [email protected] | [email protected] |
| George Bischof | Board Member | [email protected] | - |
| Douglas Garn | Board Member | - | - |
| Jordan Posell | Board Member | [email protected] | - |
| Rob Meinhardt | Board Member | [email protected] | [email protected] |
| Michael Coffman | Board Member | [email protected] | - |
Frequently Asked Questions about Floqast
-
When was Floqast founded?
Floqast was founded in 2013.
-
How much revenue does Floqast generate?
Floqast generates $8M in revenue.
-
Who is the CEO of Floqast
The CEO of Floqast is Mike Whitmire.
-
How much funding does Floqast have?
Floqast raised $229.9M.
-
How many employees does Floqast have?
Floqast has 571 employees.
-
Where is Floqast headquarters?
Floqast is headquartered at 14721 Califa St, Sherman Oaks, California, United States
People Also Viewed
Channel Mechanics
Provider of a cloud-based channel enablement platform designed to accelerate revenue generation for companies. The company's channel enablement platform offers data, tools and insights to turn sales ideas into easily executable market promotions and sales programs, enabling businesses to manage and maximize sales through the right channel partners.
FRACTTAL
Provider of a cloud-based enterprise asset management software intended to manage the maintenance of business assets. The company's asset management software monitors the conditions of business assets in real-time by connecting all the business assets to the internet and converting the information gathered into relevant actions, enabling enterprises to be more productive, avoiding failures and reducing the costs.
GoComet
GoComet is a platform that provides supply chain solutions for businesses. It offers services such as freight management, procurement, and analytics to help businesses optimize their supply chain operations. With its user-friendly interface and advanced technology, GoComet aims to streamline supply chain processes and improve efficiency for its clients.
Stratio
The world’s #1 predictive fleet maintenance platform.
Infolio
All-in-one project collaboration suite
Maker
Developer of content marketing platform intended to create and deliver engaging marketing campaigns. The company's platform combined design, web-publishing and analytics tools in a single interface that can enhance any existing site to create, publish and optimize content for their landing and product pages, blog posts, for user-generated stories, enabling clients to enrich their sites, increasing engagement, conversion and revenue growth.