What is Float?
Founded in 2011 by Colin Hewitt, Float is an Edinburgh-based company that offers cash flow forecasting solutions tailored for small and medium-sized enterprises (SMEs). The software integrates with popular accounting platforms such as Xero, Quickbooks Online, and FreeAgent, empowering businesses to effectively manage, budget, and forecast their financial liquidity. The company's focus on simplifying complex financial planning for SMEs positions it as a key player in the fintech landscape.
How much funding has Float raised?
Float has raised a total of $7M across 2 funding rounds:
Angel/Seed
$2M
Angel/Seed
$5M
Angel/Seed (2020): $2M with participation from Marchmont Ventures
Angel/Seed (2021): $5M led by Silicon Valley Bank, Golden Ventures, and Susa Ventures
Key Investors in Float
Marchmont Ventures
Marchmont Ventures is an investment firm that typically backs early-stage companies, likely focusing on technology and software solutions.
Silicon Valley Bank
Silicon Valley Bank is a financial institution known for its specialization in supporting technology and life science companies, providing both debt and equity financing.
Golden Ventures
Golden Ventures is a venture capital firm that invests in early-stage technology companies, often with a focus on software and disruptive innovations.
What's next for Float?
The recent major strategic investment signals a pivotal growth phase for Float. This capital infusion is expected to fuel product development, enhance market penetration, and potentially expand its service offerings. As Float continues to scale, its ability to provide robust and accessible cash flow management tools will be critical in solidifying its market position and supporting the financial health of its SME clientele.
See full Float company page
