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FloQast used this pitch deck to raise $40 million for its software - Business Insider

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LA startup FloQast raised $40 million with this pitch deck that shows how even accounting software can inspire passion

FloQast CEO Mike Whitmire own frustrations as an auditor and corporate accountant helped inspire him to create his company.simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.

FloQast released its its product in 2015 and now has some 800 customers, including Lyft and the Los Angeles Lakers.Click here for more BI Prime stories"Accounting" and "passion" are not two words that typically go together. But for Mike Whitmire, they're a perfect fit. FloQast's cloud-based software plugs into and downloads data from companies' enterprise resource planning systems, such as those from Oracle, Microsoft, and SAP, and also connects with the reconciliation spreadsheets they've put together in Microsoft Excel. The software is designed to allow accounting teams to work together on one set of numbers so they're all on the same page.

BlackLine has shown that there's a sizeable business to be made in the space. That company, which offers similar software that's largely targeted at enterprise-class companies, is on track to post around $286 million in revenue for 2018. AWhitmire and his team have designed FloQast to serve the customers that BlackLine generally hasn't — mid-size and smaller enterprise companies that have anywhere from 200 to 10,000 employees.

 

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