INSUBCONTINENT EXCLUSIVE:
This morning FloQast, an LA-area startup, announced that it closed a $40 million Series C led by Norwest Venture Partners
was low on options at the time
Instead, FloQast chose it over larger term sheets, using the cash to help launch a new product
So, A Technology News Room got FloQast CEO Mike Whitmire on the phone to explain it in more detail
on the same page with this process that occurs at the end of every month
And then we provide some light automation around [the] tie-out and reconciliation process, which is one of the steps of actually closing the
And given that every company in the world has books that need closing, you can see where FloQast fits into the business landscape.FloQast
or ARR) growing, and, more precisely, how quickly is its average annual contract value (ACV) expanding?ResultsEarlier we noted that FloQast
decided to raise a small round before its Series C, using that money to launch a new product before raising its later, larger investment
possible.The wager, launching that product before its Series C, paid off
more on upper-market customers
together its latest round.So, the L.A
area really is more than Snap and Bird
You can build big SaaS companies there, too.
