Float raises €4.5M Series A to bridge Europe's funding gap
Image: Primary Stockholm-founded revenue-based financing platform Float said it secured a 4.5 million euro Series A funding round led by Hamburg-based CHAPTERS Group AG.
As part of the investment, CHAPTERS CEO Jan-Hendrik Mohr will join Float's board, the company announced. Founded in 2022, Float provides non-dilutive financing solutions such as revenue-based financing, credit lines and working capital to European technology companies. To date, the company has provided more than 100 million euros in funding to over 130 European tech businesses, including RoomPriceGenie and RedTrack.
CEO and co-founder Cedric Notz said today's financial infrastructure is not designed for modern technology companies. Notz said Float was founded to make business financing faster, simpler and more transparent. He added the company's ambition now extends beyond lending to building an AI-native financial platform that brings together capital, banking and financial data in one place.
The new funding will support Float's next phase of growth as it evolves from a provider of flexible financing into an AI-native financial platform for startups and scaling businesses. Lending will remain at the core of the business, complemented by AI-powered financial management tools. The investment will also enable Float to double its team, strengthen its presence in the UK and explore opportunities in the M&A market through its strategic partnership with CHAPTERS.
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