FloQast raises $25M in Series B financing

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FloQast, which makes close management software, has completed a $25 million Series B round of financing. The stated goal for these funds is to focus on product innovation, expand into overseas markets and scale up the company’s go-to-market strategy.

The company already has customers in nine overseas markets including Canada, the United Kingdom, China and Peru, but FloQast has plans to establish offices in countries in which it operates to accelerate go-to-market time.

Harley Miller, vice president of Insight Venture Partners, which led the Series B round, will join FloQast’s board of directors.

FloQast completed its Series A round of $6.5 million early last year. The total raised to date is $33 million, as reported by the company.

“This new funding will help further accelerate our growth by enabling the company to expand internationally and grow our product portfolio,” said Michael Whitmire, CPA, co-founder and chief executive officer at FloQast, in a statement. “We’ve got the team, product, expertise and backing to build the next great fintech software company.”

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