Float has raised €4.5 million in Series A funding to expand its revenue-based financing business and develop an AI-native financial platform for European technology companies. The round was led by Hamburg-based CHAPTERS Group AG.
The Stockholm-founded company provides non-dilutive growth capital, credit lines, and revenue-based financing to B2B software and subscription businesses. Its products enable founders to finance growth without giving up equity or relying exclusively on conventional venture capital.
Jan-Hendrik Mohr, CEO of CHAPTERS, will join Float’s board as part of the investment. CHAPTERS has invested in businesses including Swiss wealth management software provider Finfox and German fintech companies Fintiba and Expatrio, along with approximately 60 other vertical-market software companies across Europe.
CHAPTERS typically pursues majority acquisitions, making its investment in Float an exception to its usual strategy. Float said the investment reflects the firm’s confidence in its plans to create a broader financial platform for technology companies.
Float intends to use the new capital to double the size of its team and expand its presence in the United Kingdom, which is already the company’s largest market. The company also plans to explore acquisitions with support from CHAPTERS.
The financing will help Float evolve from a provider of flexible credit lines into a more comprehensive financial operating platform for startups and scaling businesses.
Lending will remain at the center of Float’s offering, but the company plans to introduce AI-powered tools that help founders analyze their finances and automate routine financial processes. The platform will connect with customers’ bank accounts and accounting systems to provide live financial analysis and support tasks such as payments, expense management and accounting.
Float believes the platform can reduce the administrative burden faced by technology founders, enabling management teams to devote more time and capital to product development, hiring and growth.
The company is seeking to address what it sees as a persistent financing gap between European technology companies and their counterparts in the United States. Float cited data indicating that approximately €66 billion of venture capital was deployed across Europe in 2025, representing about one-fifth of the amount invested in the United States during the same period.
Float also said European companies are less likely to secure venture funding during their first five years, contributing to some technology businesses and founders relocating outside the region.
Founded in Stockholm in 2019 by Cedric Notz and Jannis Koehn, Float has been operational since 2022. The company has provided financing to more than 130 European technology companies, including hotel revenue management platform RoomPriceGenie and marketing optimization company RedTrack.
Float has allocated more than €100 million in financing during the past three years. The company has also reported annual revenue growth of more than 100% since its founding and said it reached profitability on a net-income basis this year.
By combining non-dilutive capital with automated financial management capabilities, Float aims to become a primary financial partner for European technology SMEs throughout their growth.
KEY QUOTES:
“Our investment in Float underlines our positive view on the European tech industry. Float’s financing service already gives tech SMEs a reliable means of scaling their business. However, as the company expands its offering and explores competitor acquisitions, they are now a driver of a much larger, shared vision to empower founders across the continent. We look forward to working closely with Cedric and Jannis, supporting Float on its growth journey.”
Jan-Hendrik Mohr, CEO of CHAPTERS Group AG
“The current global financial system is fundamentally broken for modern tech companies. While startups operate internationally from day one, banking remains stubbornly localized, bogged down by manual bureaucracy and fragmented tools. As a founder in the tech industry myself, I have experienced the difficulties of securing working capital firsthand. At Float, we address these problems head-on. We revolutionize an opaque process that is riddled with delays, unlocking growth and potential for founders across Europe. However, our ambition runs far wider than fixing financing. We are building the new backbone for European tech, with capital, banking and data in a single AI-native financial platform built for the 21st century. For too long, the continent’s best founders have faced one brutal choice: give away their company or leave for America. We want founders to succeed here in Europe.”
Cedric Notz, CEO and Co-Founder of Float
“To have secured capital from an investor of CHAPTERS’s stature is a strong indicator of Float’s continued financial reliability and performance. Its investment lays the groundwork for our long-term ambitions as we become the go-to financial partner for startups and scaling businesses across Europe.”
Jannis Koehn, Co-Founder, COO and CFO of Float
