Float lands €4.5m Series A to close Europe’s tech funding gap

Float, the Stockholm-founded revenue-based financing platform serving European tech SMEs, has secured €4.5m in a Series A round as it looks to narrow the funding divide holding back the continent’s startups.

The round was led by Hamburg-headquartered CHAPTERS Group AG, whose CEO Jan-Hendrik Mohr will take a seat on Float’s board.

CHAPTERS’ portfolio spans Swiss wealth management software firm Finfox, German FinTechs Fintiba and Expatrio, and around 60 other vertical market software companies across Europe. The firm usually targets majority acquisitions, making its minority stake in Float a notable departure from that playbook. Its biggest shareholders include the family office of Daniel Ek and Danaher founder Mitch Rales.

Float has until now concentrated on channelling liquidity into Europe’s tech sector, supplying non-dilutive growth capital, credit lines and revenue-based financing so B2B SaaS and subscription firms can expand without giving up equity or raising money outside Europe.

With the fresh capital, the business will evolve beyond flexible credit into an AI-native financial platform. Lending will stay at the heart of the offering, but the new platform will draw on live connections to bank accounts and accounting systems to deliver financial analysis and automate tasks such as payments, expense management and accounting.

The company intends to double its headcount, deepen its footprint in the UK, its largest market, and work with CHAPTERS to move into the M&A arena.

Live since 2022, Float has financed more than 130 European tech businesses, among them hotel revenue management firm RoomPriceGenie and marketing optimisation platform RedTrack, deploying over €100m in three years.

It has grown revenue by more than 100% year-on-year since inception and reached profitability on a net income basis this year.

CHAPTERS Group AG CEO Jan-Hendrik Mohr said, “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 their 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.”

Float CEO and co-founder Cedric Notz said, “The current global financial system is fundamentally broken for modern tech companies. While startups operate internationally from day one, banking remains stubbornly localised, 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 revolutionise 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 – the capital, banking, and data, all 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.”

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