Float, a Stockholm-based provider of non-dilutive finance for technology companies, raised a €4.5m (about $5.0m) Series A led by Hamburg-based CHAPTERS Group AG, Tech.eu reported on 15 July 2026. CHAPTERS chief executive Jan-Hendrik Mohr joins Float's board.
No other investors were named and no valuation was disclosed.
“Our ambition now extends beyond lending. We are building an AI-native financial platform that brings together capital, banking and financial data in one place”Cedric Notz, CEO and co-founder, Float
What Float does
Float offers revenue-based financing, credit lines and working capital to small and mid-sized European tech companies, as an alternative to selling equity. It has deployed more than €100m to over 130 companies in three years, according to Tech.eu. RoomPriceGenie and RedTrack are among its customers.
Cedric Notz is chief executive and co-founder. Tech.eu said the company is headquartered in Stockholm and has been live since 2022. Float's headcount was not disclosed.
Beyond lending
Notz said the company's ambition now extends beyond lending. Float plans to build an AI-native financial platform that brings together capital, banking and financial data. It intends to connect AI tools to bank accounts and accounting systems to give real-time insights and automate payments, expenses and accounting.
He also said Float wants European founders to be able to build and scale globally without leaving the continent.
What the money is for
Float said it will double its team and strengthen its operations in the UK, which is already its largest market. It will also explore acquisitions through the CHAPTERS partnership and develop the AI platform with lending at its core.
The company did not report earlier funding in the announcement, so no history of previous rounds is included here.
A market for non-dilutive capital
Revenue-based financing lets a company repay a lender from a share of its revenue instead of giving up shares. Float is pitching it to software and subscription businesses that have predictable income but want to avoid dilution. The company's stated aim is to narrow what it calls Europe's funding gap for tech founders.
Profitability and the CHAPTERS deal
Financial IT reported that Float has grown revenue by more than 100% a year since its start and reached net income profitability this year. Its customers are mainly B2B software and subscription businesses. CHAPTERS usually takes majority stakes in companies, and the report called this minority investment an exception that signals confidence in Float's vision.
CHAPTERS' portfolio includes Finfox, Fintiba, Expatrio and about 60 other vertical market software businesses in Europe. Mohr said Float's financing already gives tech SMEs a reliable way to scale and that the company is now a driver of a much larger shared vision.
Why Float says the market needs it
Notz said the current global financial system is fundamentally broken for modern tech companies. He said Europe's best founders have for too long faced a choice between giving away their company or leaving for America.
Financial IT cited research that about €66bn of venture capital was deployed across Europe in 2025, roughly a fifth of US levels, and that 10% of EU scaleups relocate abroad, according to the Draghi report. Co-founder Jannis Koehn, who is chief operating and financial officer, said the investment is a strong indicator of Float's continued financial reliability.
Company website: floatfinance.com