Float raises €4.5M Series A to bridge Europe's funding gap

Float, the Stockholm-founded revenue-based financing platform for tech SMEs, has secured a €4.5 million 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.

Founded in 2022, Float was created to improve access to growth capital for European technology companies through non-dilutive financing solutions, including revenue-based financing, credit lines and working capital. To date, the company has provided more than €100 million in funding to over 130 European tech businesses, including RoomPriceGenie and RedTrack.

The funding comes at a time when access to growth capital remains a challenge for many European startups. Venture investment in Europe continues to lag behind the US, limiting growth opportunities for founders and contributing to the relocation of high-growth companies outside the region.

Float aims to address this gap by providing founders with both financing and the financial tools needed to build and scale businesses in Europe.

Cedric Notz, CEO and co-founder of Float, said today's financial infrastructure is not designed for modern technology companies. While startups operate globally from day one, financial services remain fragmented, heavily reliant on manual processes and largely confined to local markets. Drawing on his own experience securing working capital, Notz said Float was founded to make business financing faster, simpler and more transparent.

Our ambition now extends beyond lending. We are building an AI-native financial platform that brings together capital, banking and financial data in one place, giving founders the tools they need to spend less time managing finances and more time building their businesses. We want Europe's founders to have every opportunity to build and scale globally without leaving the continent,

The new funding will support Float's next phase of growth as the company 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 designed to help founders make faster financial decisions and automate operational tasks.

By connecting directly to bank accounts and accounting systems, the platform will provide real-time financial insights while streamlining processes such as payments, expense management and accounting.

The investment will also enable Float to double its team, strengthen its presence in the UK, already its largest market, and explore opportunities in the M&A market through its strategic partnership with CHAPTERS.