Stockholm-Based Float Wins €4.5 Million to Power Tech SME Growth

The funding round was led by CHAPTERS Group AG, a Hamburg-based investment company that supports growing small and medium-sized businesses in different industries.

CHAPTERS Group invests in companies like Swiss wealth management software firm Finfox and German FinTech companies Fintiba and Expatrio. The company has more than 60 software businesses in its portfolio across Europe. Jan-Hendrik Mohr, CEO of CHAPTERS, will join Float’s board.

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,” added Notz. 

Founded in 2019 by Swiss entrepreneur Cedric Notz and German entrepreneur Jannis Koehn, Float is a smart financial platform that helps technology companies in Europe get growth funding and manage their financial work more easily using AI.

Float will use the new funding to grow its team, double its employees, and expand further in the UK, which is already its biggest market. The company also plans to work with CHAPTERS to explore opportunities in the M&A (mergers and acquisitions) market.

Read Also- Daniel Ek Co-Founded Neko Health Raises $700 Million in Major Funding Round

Since starting operations in 2022, Float has provided funding to more than 130 European tech companies, including RoomPriceGenie and RedTrack. The company has invested over €100 million in the last three years and has grown its revenue by more than 100% every year. Float also became profitable this year.