Stockholm-based fintech Float has raised a €4.5 million Series A round led by CHAPTERS Group AG, with the investment bringing CHAPTERS CEO Jan-Hendrik Mohr onto the company’s board. The funding will support Float’s expansion from a revenue-based financing provider into an AI-native financial platform for European tech SMEs, while also doubling its team, strengthening its presence in the UK, and pursuing strategic M&A opportunities. Founded in 2019, Float provides non-dilutive growth capital, credit lines and revenue-based financing to B2B SaaS and subscription businesses, and plans to integrate AI-powered financial automation, including payments, expense management and accounting, through direct connections to banking and accounting systems.
Founded in 2019 by Cedric Notz and Jannis Koehn, Float is a fintech company that provides non-dilutive financing and financial management tools for technology SMEs across Europe. The company offers revenue-based financing, credit lines, and working capital solutions for B2B SaaS and subscription businesses, and is expanding its platform with AI-powered financial operations, including payments, expense management, and accounting automation.
Jan-Hendrik 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.
“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,” says Float CEO and co-founder Cedric Notz. “However, our ambition runs far wider than fixing financing, we are building the new backbone for European tech – the capital, banking, and data, all in a single AI-native financial platform built for the 21st century. For too long the continent’s best founders have faced one brutal choice: give away their company, or leave for America. We want founders to succeed here in Europe.”
Operational since 2022, the company has provided over 130 European tech companies with funding, such as hotel revenue management company RoomPriceGenie and marketing optimisation platform RedTrack, with more than €100mn allocated over the past three years.
Float co-founder, COO and CFO Jannis Koehn: “To have secured capital from an investor of CHAPTERS’s stature is a strong indicator of Float’s continued financial reliability and performance. Its investment lays the groundwork for our long-term ambitions, as we become the go-to financial partner for startups and scaling businesses across Europe.”
The company has focused on consistent growth, building a profitable business with a lean team, measured capital and disciplined spending. It has recorded more than 100% year-on-year revenue growth since its founding and has reached profitability on net income level this year.
Having already helped startups across Europe with its core lending solution, Float’s expanded solutions range positions the company as the one-stop financial platform for the continent’s tech SMEs. In providing straightforward access to funding – plus a fully integrated suite of AI-native financial tools – Float is closing the funding gap between European tech startups and those in the US, where firms are 40% more likely to secure venture capital in their first five years. This has become a factor in tech companies setting up shop outside of Europe, with the Draghi report showing that 10% of EU scaleups relocate abroad.
Read the orginal article: https://arcticstartup.com/float-raises-e4-5m-series-a/
