Float announces $85-million Series C round to support AI push

Toronto-based FinTech firm Float Financial announced an $85-million CAD Series C round on Wednesday that will help fuel the company’s geographic expansion and AI investment plans. The news: The business finance platform has closed $75 million of the all-equity, all-primary capital round to date, and expects to secure the remaining $10 million over the next few weeks. Inovia Capital is leading Float’s Series C, with support from fellow new investors BDC Capital and Northleaf Capital Partners, and