Gunderson Dettmer client and cloud-based accounting software company FloQast announced its $40 million Series C financing. The fresh round of funding was led by Norwest Venture Partners with participation from Insight Ventures and Polaris Partners.

In the announcement of the financing, FloQast Co-founder and CEO Michael Whitemire said, “What’s most exciting about this round of funding is the additional product investment we will be making. The desire to expand our solution set further and help with all aspects of accounting was a huge driver in the decision to raise additional capital. With this capital, we remain committed to improving our core products while also building new product lines that you will see rolled out in 2020 and 2021.”

The Gunderson Dettmer deal team was led by Mike Heath and Cody Peterson.