Software startup FloQast announced it has secured $25 million in Series B financing. Three investors participated in the round: Insight Venture Partners, Toba Capital, and Polaris Partners.
FloQast builds cloud-based software that helps manage accounting departments by centralizing workflow, assigning tasks, and maintaining supporting documentation.
The company said the funds will be used to accelerate product innovation, expand into overseas markets and scale the company’s go-to-market capabilities.