Float raises €4.5M Series A to bridge Europe's funding gap

Float , the Stockholm-founded revenue-based financing platform for tech SMEs, has secured a €4.5 million Series A funding round led by Hamburg-based CHAPTERS Group AG. As part of the investment, CHAPTERS CEO Jan-Hendrik Mohr will join Float's board. Founded in 2022, Float was created to improve access to growth capital for European technology companies through non-dilutive financing solutions, including revenue-based financing, credit lines and working capital.