What is Float?
Founded in 2011 by Colin Hewitt, Float is an Edinburgh-based software firm dedicated to empowering SMEs. The company's core offering is a cash flow forecasting solution designed to assist businesses utilizing platforms such as Xero, Quickbooks Online, and FreeAgent. Float enables these businesses to effectively manage, budget, and forecast their financial liquidity, providing critical insights for operational stability and strategic planning. The company's focus on simplifying complex financial data for its target market positions it as a key player in the fintech sector.
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
Silicon Valley Bank
Silicon Valley Bank is a financial institution often associated with technology and innovation funding, suggesting a strategic interest in Float's software solutions.
Golden Ventures
Golden Ventures is likely a venture capital firm that invests in early-stage technology companies, indicating a belief in Float's growth potential.
Susa Ventures
Susa Ventures typically focuses on seed and early-stage investments, pointing to their role in supporting Float's foundational development and market entry.
What's next for Float?
With the recent infusion of major strategic investment, Float is poised for accelerated expansion and product development. The company's ability to attract substantial backing indicates strong market confidence in its forecasting technology and business model. Future initiatives are likely to focus on enhancing its software capabilities, expanding its market reach, and potentially exploring new integrations to further serve the SME financial management ecosystem. This strategic capital will be instrumental in solidifying Float's position as a leader in cash flow management solutions.
See full Float company page
