🇸🇪 Float raises €4.5 million Series A to close the European tech funding gap
STOCKHOLM, Sweden (July 15, 2026) — Float, the Stockholm-founded revenue-based financing platform for tech SMEs, today announced a €4.5mn Series A funding round led by Hamburg-based CHAPTERS GROUP AG.
Jan Mohr, CEO of CHAPTERS, will join the Float board. CHAPTERS’s investments include Swiss wealth management software provider Finfox, German fintechs Fintiba and Expatrio, and 60 other mission critical vertical market software businesses across Europe. The firm typically pursues majority acquisitions, with their investment in Float marking an exception in this strategy, signaling deep confidence in the startup's vision to build a financial platform for the AI era. CHAPTERS’s largest shareholders include Daniel Ek’s family office and Danaher founder Mitch Rales.
CHAPTERS Group AG CEO Jan-Hendrik Mohr: ”Our investment in Float underlines our positive view on the European tech industry. Float’s financing service already gives tech SMEs a reliable means of scaling their business, however as the company expands their offering and explores competitor acquisitions, they are now a driver of a much
larger, shared vision to empower founders across the continent. We look forward to working closely with Cedric and Jannis, supporting Float on its growth journey.”
Float’s mission to date has been to provide liquidity to the European tech sector, fostering innovation and economic growth by providing non-dilutive growth capital, credit lines, and revenue-based financing that lets B2B SaaS and subscription businesses fund their growth without relinquishing equity or fundraising outside of Europe.
The company will now evolve from a provider of simple, flexible credit lines to a next-generation AI-native financial platform for startups. While lending will remain the core of the business, the new AI-powered platform will enable founders to navigate their finances with greater speed and efficiency, allowing them to instead put their time, focus and capital into other areas of their business. Once operational, the tool will leverage live access to bank accounts and accounting systems, in turn providing financial analysis and automating financial tasks including payments, expense management, and accounting.
With the new funding, the company will double its team size and expand its presence in the UK, already the company’s largest market. The company also plans to leverage their strategic partnership CHAPTERS to enter the M&A market.
The investment comes during a crucial moment for European startups, who continue to operate in a funding constricted environment. According to the Centre for Economic Policy Research, just €66bn of venture capital was deployed across Europe in 2025, around a fifth of the level invested in the United States for the same period, stunting growth and forcing talent off-continent to secure funding.
Float CEO and co-founder Cedric Notz: “The current global financial system is fundamentally broken for modern tech companies. While startups operate internationally from day one, banking remains stubbornly localised, bogged down by manual bureaucracy and fragmented tools. As a founder in the tech industry myself, I have experienced the
difficulties of securing working capital firsthand. At Float, we address these problems head-on. We revolutionise an opaque process that is riddled with delays, unlocking growth and potential for founders across Europe.”
Originally published on July 15, 2026 by Float.
