Float raises €4.5M Series A to bridge Europe's funding gap
Float, the Stockholm-founded revenue-basedfinancing platform for tech SMEs, has secured a €4. 5 million Series A fundinground led by Hamburg-based CHAPTERS Group AG. As part of the investment,CHAPTERS ...
Key Takeaways
- Float provides non-dilutive financing and AI-powered financial tools for European tech SMEs, helping startups and scaleups access capital, streamline financial operations and scale their businesses.
5M Series A to bridge Europe's funding gap Float provides non-dilutive financing and AI-powered financial tools for European tech SMEs, helping startups and scaleups access capital, streamline financial operations and scale their businesses.
- 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.
- 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.
- 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.
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Stats & Key Facts
- #5 million Series A fundinground led by Hamburg-based CHAPTERS Group AG.
- #5 million Series A funding round led by Hamburg-based CHAPTERS Group AG.
- #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.
Float provides non-dilutive financing and AI-powered financial tools for European tech SMEs, helping startups and scaleups access capital, streamline financial operations and scale their businesses. 5M Series A to bridge Europe's funding gap Float provides non-dilutive financing and AI-powered financial tools for European tech SMEs, helping startups and scaleups access capital, streamline financial operations and scale their businesses. Tamara Djurickovic 2 hours ago Share Share Send email Copy link 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.
For more details please read the original article at Tech.eu.
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