Float in its securing of $70-million Series B financing led by Goldman Sachs Alternatives Float in its securing of $70-million Series B financing led by Goldman Sachs Alternatives

On January 13, 2025, Float Financial announced it secured a $70-million Series B financing round that was led by Goldman Sachs Alternatives. The round also saw participation from OMERS Ventures, FJ Labs, Teralys and existing investor Garage Capital. Float plans on utilizing the funding towards advancing product development, talent management initiatives and expanding leadership in the Canadian market.

Float is a Toronto-based fintech company specializing in providing solutions for corporate credit cards. Float’s Visa-issued cards integrate with corporate bank accounts to automatically maintain the desired balance on corporate cards.

Goldman Sachs Group Inc. is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage and securities underwriting. Goldman Sachs Growth Equity (GS Growth) focuses exclusively on investments in growth-stage and technology-driven companies.

Osler, Hoskin & Harcourt LLP advised Float with a team consisting of Chad Bayne, Ryan Unruch, Elizabeth Sale, Jennifer Humphrey, Bryan Salazar Roldan and Alyn Nanji (Emerging and High Growth Companies).