Float Secures €4.5M Series A to Enhance AI-Driven Financial Solutions for European Startups
Float's €4.5 million Series A funding, led by CHAPTERS Group AG, will support its transition into an AI-native financial platform for European tech SMEs while expanding its UK presence and doubling its team. This investment addresses the funding challenges faced by startups in Europe, enabling them to secure growth capital without relinquishing equity.
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Float has raised €4.5 million in Series A funding, spearheaded by CHAPTERS Group AG, to evolve into an AI-native financial platform for European tech SMEs. Founded in 2019, Float specializes in providing non-dilutive growth capital, credit lines, and revenue-based financing, primarily for B2B SaaS and subscription businesses.
The new funding will facilitate team expansion and enhance operations in the UK. Float plans to integrate AI-powered financial automation, improving task efficiency through direct connections to banking systems.
The investment arrives amid a constricted funding environment for European startups, with venture capital levels significantly lower than in the U.S., affecting growth and talent retention. Float's strategy aims to bridge this funding gap and support founders in Europe.
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