Overview
FloQast is an accounting transformation platform founded in 2013 in Los Angeles by Mike Whitmire (CEO, CPA), Chris Sluty (COO, CPA), and Cullen Zandstra (CTO), Whitmire and Sluty were Syracuse classmates. The company has raised $292M across 7 rounds and achieved unicorn status ($1.2B valuation) in July 2021, with a $100M Series E in April 2024.
Highlights
- Founder credentials: Two CPAs (Syracuse classmates) building “by accountants, for accountants”
- Unicorn status: $1.2B valuation (July 2021), $292M total raised
- “Accounting Transformation Platform” positioning: Beyond just close management
- Excel/Google Sheets compatibility: Works alongside existing spreadsheets rather than replacing
- FloQast AutoRec: AI-powered reconciliation (launched 2019)
- ISO 42001 certification: Ethical AI commitment
- Work-life balance mission: Improving lives of overworked accountants
- Target market: Mid-market controllers and accounting teams
- Use cases: Close management, account reconciliation, flux analysis, compliance documentation
Founded
2013 in Los Angeles. Founded by Mike Whitmire (CEO, CPA), Chris Sluty (COO, CPA), Cullen Zandstra (CTO).
Headquarters
Sherman Oaks/Los Angeles, California.
Ownership and funding
Independent. Raised $292M across 7 rounds; unicorn status ($1.2B valuation, July 2021); Series E: $100M (April 2024).
Core technology
“Accounting Transformation Platform” built by accountants. Works alongside Excel/Google Sheets. FloQast AutoRec AI-powered reconciliation (2019). ISO 42001 certified (ethical AI).
Market position
Mid-market controllers and accounting teams.
Product philosophy
“Built by accountants, for accountants”, designed to look and feel like accountants expect; mission to improve work-life balance for overworked accountants.