Toronto fintech Float raises $85-million, reaches $548-million valuation with AI finance software push
By
Meera Raman
Summary
Toronto-based fintech Float Financial Solutions has raised $85-million in Series C funding led by Inovia Capital, pushing its valuation to $548-million. The company is expanding into AI-powered finance software, with participation from Goldman Sachs Alternatives, Garage Capital, BDC Capital, and Northleaf Capital Partners.
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Key quotes
· 2 pulledThe all-equity Series C financing, or late-stage venture funding round, was led by Montreal venture capital firm Inovia Capital.
Existing investors Goldman Sachs Alternatives and Garage Capital, as well as new investors BDC Capital and Northleaf Capital Partners, also participated.
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