FloQast was founded in 2013 by Cullen Zandstra and Michael Whitmire. In a 2020 interview, Whitmire responded to a question about what a long-term liquidity event might look like by saying "IPO – definitely an IPO," though he did not provide a timeline.

FloQast is a workflow automation platform for accountants. The company was recognized on Deloitte's Technology Fast 500 list in 2020, and as of April 2023 reports that its 1,000+ customers include Zoom, Shopify, Roblox, and the Golden State Warriors. FloQast has raised more than $200 million in venture capital funding from investors including Meritech Capital, Redpoint Ventures, Sapphire Ventures, Coupa Ventures, Insight Partners, Polaris Partners, and Norwest Venture Partners. The company announced a valuation of $1.2 billion after a Series D funding round raised $110 million in 2021.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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Can you sell shares of FloQast before it goes public?

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What is the pre-IPO value of my FloQast shares?

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To learn more about FloQast potential IPO

Will FloQast go IPO?

FloQast has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is FloQast’s IPO price?

The FloQast IPO price does not exist at this time, as FloQast is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to FloQast register for Forge Markets, today.

When was FloQast founded?

FloQast was founded in 2013.

What is FloQast funding to date?

FloQast has raised $303.78MM to date.

Who are FloQast’s major investors?

Redpoint Ventures
Insight Partners
Sapphire Ventures
Norwest Venture Partners
Meritech Capital Partners
Polaris Partners
ICONIQ Growth
Toba Capital
World Innovation Lab (WiL)
Coupa Ventures
Amplify.LA
BDT & MSD Partners
Collective Liquidity

FloQast Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
04/10/2024 Series E1 $39.71MM $xx.xx $1.6B ICONIQ Growth, BDT & MSD Partners, World Innovation Lab, Meritech Capital, Sapphire Ventures
Price per Share
$xx.xx
Shares Outstanding
2,397,727
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
ICONIQ Growth, BDT & MSD Partners, World Innovation Lab, Meritech Capital, Sapphire Ventures
04/10/2024 Series E $60.29MM $xx.xx $1.6B ICONIQ Growth, BDT & MSD Partners, World Innovation Lab, Meritech Capital, Sapphire Ventures
Price per Share
$xx.xx
Shares Outstanding
3,640,993
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
ICONIQ Growth, BDT & MSD Partners, World Innovation Lab, Meritech Capital, Sapphire Ventures
07/21/2021 Series D $110MM $xx.xx $1.2B Meritech Capital, Redpoint Ventures, Sapphire Ventures, Coupa Ventures, Insight Partners, Polaris Partners, Norwest Venture Partners
Price per Share
$xx.xx
Shares Outstanding
7,553,129
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Meritech Capital, Redpoint Ventures, Sapphire Ventures, Coupa Ventures, Insight Partners, Polaris Partners, Norwest Venture Partners
01/21/2020 Series C $40MM $xx.xx $243.81MM Norwest Venture Partners
Price per Share
$xx.xx
Shares Outstanding
10,760,786
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Norwest Venture Partners
12/20/2018 Series B2 $20MM $xx.xx $159.83MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
6,870,254
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
06/21/2017 Series B $25MM $xx.xx $95.87MM Insight Venture Partners, Toba Capital, Polaris Partners
Price per Share
$xx.xx
Shares Outstanding
12,662,312
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Insight Venture Partners, Toba Capital, Polaris Partners
03/16/2016 Series A2 $7.28MM $xx.xx $22.01MM Polaris Partners, Toba Capital, Amplify.LA, Wavemaker, Danmar
Price per Share
$xx.xx
Shares Outstanding
12,495,805
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Polaris Partners, Toba Capital, Amplify.LA, Wavemaker, Danmar
11/05/2014 Series A $1.5MM $xx.xx $4.28MM Polaris Partners, Toba Capital, Amplify.LA, Wavemaker, Danmar
Price per Share
$xx.xx
Shares Outstanding
6,403,986
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Polaris Partners, Toba Capital, Amplify.LA, Wavemaker, Danmar
Updated on: Nov 17, 2024

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