What is Float?
Founded in 2011 by Colin Hewitt, Float operates as a sophisticated cash flow forecasting platform designed to integrate seamlessly with leading accounting ecosystems such as Xero, QuickBooks Online, and FreeAgent. The company addresses the perennial challenge of liquidity management for SMEs, providing real-time visibility into financial health. By automating complex budgeting and forecasting workflows, Float enables business owners to transition from reactive financial management to proactive, data-driven decision-making, effectively bridging the gap between raw accounting data and actionable strategic insights.
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 Susa Ventures, Silicon Valley Bank, and Golden Ventures
Key Investors in Float
Susa Ventures
A venture capital firm focused on early-stage technology companies, known for supporting platforms that disrupt traditional enterprise software markets.
Silicon Valley Bank
A premier financial partner for the innovation economy, providing specialized banking and investment services to high-growth technology firms.
Golden Ventures
An early-stage investment firm that partners with ambitious founders to build transformative companies in the software and digital services sectors.
What's next for Float?
With the successful completion of this major enterprise-level funding, Float is well-positioned to accelerate its product development roadmap and expand its market footprint. The strategic focus will likely center on enhancing predictive analytics capabilities and deepening integrations with global accounting platforms to serve a broader international client base. As the demand for automated financial intelligence grows, Float's ability to provide accurate, forward-looking cash flow projections will be instrumental in maintaining its competitive edge. The firm is expected to leverage this capital to scale its operational infrastructure, ensuring that it remains the preferred choice for businesses navigating the complexities of modern financial management.
See full Float company page
