Coupa’s recently launched venture capital fund has contributed to a series D round for FloQast that valued the accounting software provider at $1.2bn.
US-based accounting automation software developer FloQast received $110m in series D funding on Wednesday at a $1.2bn valuation from investors including business spending management software provider Coupa.
The round was led by venture capital and private equity firm Meritech Capital and also featured Redpoint Ventures, Sapphire Ventures, Insight Partners, Polaris Partners and Norwest Venture Partners, while Coupa participated through corporate venturing fund, Coupa Ventures, which was unveiled last month.
FloQast was founded in 2013 and markets cloud-based and artificial…
