On July 13, 2021, Float announced it had completed a $5 million financing consisting of a $4 million equity round co-led by Susa Ventures and Golden Ventures and $1 million in debt financing from Silicon Valley Bank. The funding will be used to invest in product development, hiring and growth.
Float, formerly Journal, 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.
Osler, Hoskin & Harcourt LLP advised Float with a team consisting of Chad Bayne, Kosta Starostin and Jennifer Humphrey (Emerging and High Growth Companies).