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Toronto fintech Float raises $85-million, reaches $548-million valuation with AI finance software push

By

Meera Raman

7h ago· 3 min readenNews

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.

Source

bskyToronto fintech Float raises $85-million, reaches $548-million valuation with AI finance software pushtheglobeandmail.com

Key quotes

· 2 pulled
The 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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Montreal firm Inovia Capital led the latest late-stage venture funding round

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