Float Financial Raises CAD $85M Series C

Float Financial Raises CAD $85M Series C

Float Financial, based in Toronto, Canada, has announced a CAD $85 million Series C funding round to support the company's growth as an intelligent financial operating system. This latest round brings the company's total funding raised to date to CAD $300 million.

The Series C round was led by Inovia Capital, a Canadian-based software investor. Additional investors participating in the round include Goldman Sachs Alternatives, Garage Capital, Teralys Capital, BDC Capital, and Northleaf.

Float plans to use the new capital to advance Float Intelligence, which is its proprietary AI layer designed to automate finance workflows. The company will also use the funds to expand its operations across Western Canada and Quebec, while increasing its headcount across product, R&D, sales, and marketing departments.

Founded to provide Canadian businesses with modern financial tools, Float offers a comprehensive platform that combines corporate cards, automated expense management, bill payments, and high-yield business accounts. Their mission is to ignite the full potential of Canadian businesses, giving them the financial power, clarity, and control they deserve.

Funding Details

Company Website: https://floatfinancial.com

Company: Float Financial

Raised: CAD $85M

Round: Series C

Funding Date: June 24, 2026

Lead Investor: Inovia Capital

Additional Investors: Goldman Sachs Alternatives, Garage Capital, Teralys Capital, BDC Capital, Northleaf

Company Website: https://floatfinancial.com

Software Category: Fintech