What is Float?
Float operates as a business finance platform tailored for Canadian small and medium enterprises. It offers a unified solution encompassing high-yield business accounts, corporate cards, flexible working capital, and integrated financial tools. Founded in 2025, Float aims to simplify financial management by combining competitive interest rates, automated expense tracking, and swift credit solutions. The platform serves a diverse range of sectors, including technology, professional services, retail, hospitality, and non-profits, demonstrating its broad applicability and market penetration.
How much funding has Float raised?
Float has raised a total of $204.3M across 5 funding rounds:
Seed
$3M
Series A
$29.7M
Debt
$50M
Series B
$48.5M
Debt
$73.1M
Seed (2021): $3M, investors not publicly disclosed
Series A (2021): $29.7M led by Susa Ventures, Global Founders Capital, Golden Ventures, and Tiger Global Management
Debt (2024): $50M supported by Silicon Valley Bank
Series B (2025): $48.5M featuring Goldman Sachs Group, OMERS Ventures, Teralys Capital, Garage Capital, and FJ Labs
Debt (2026): $73.1M backed by Silicon Valley Bank
Key Investors in Float
Golden Ventures
Golden Venture Partners is a venture capital fund specializing in mobile-focused seed and early-stage investments across North America, providing funding and mentorship to entrepreneurs leveraging the mobile marketplace.
OMERS Ventures
OMERS Ventures is an investment group that provides pension plans for employees through various businesses, focusing on strategic investments in growth-stage companies.
FJ Labs
FJ Labs specializes in angel investing at a venture scale, with a strong focus on marketplaces and network effect businesses, having backed numerous unicorn companies.
What's next for Float?
The substantial enterprise-level backing and recent strategic investment signal Float's transition into a scaling phase. This capital will likely be deployed to enhance its product offerings, expand its market reach across Canada, and potentially explore new service verticals. The company's focus on providing integrated financial tools for SMEs positions it to capitalize on the growing demand for streamlined business finance solutions. Future developments may include further technological advancements in AI-driven expense management and credit assessment, solidifying Float's competitive edge.
See full Float company page
