Friday, March 18, 2016 5:39:00 AM PDT | VentureDeal
Los Angeles, California -- Software developer FloQast has secured $6.5 million in its first round of institutional venture capital financing.
FloQast has created online software to help manage accounting departments by automating processes and making workflow more efficient. Polaris Partners and Toba Capital co-led the round which also included Amplify.LA, Wavemaker Partners and Danmar Capital. The company said it would use the funding to accelerate its product development and sales and marketing initiatives. CEO Michael Whitmire co-founded the firm in January 2013.
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