{"slug": "float-raises-cad-85m-series-c-to-boost-ai", "title": "Float Raises CAD 85M Series C to Boost AI", "summary": "Float Financial closed a CAD 85 million all-equity Series C led by Inovia Capital, bringing its total funding to CAD 300 million. The company plans to use the capital to advance its AI platform Float Intelligence, expand into Western Canada and Quebec, and hire more staff. Float serves over 7,500 Canadian businesses with revenue growth exceeding 120% since its Series B.", "body_md": "According to a BusinessWire press release, **Float Financial** closed a **CAD 85 million** all-equity Series C led by **Inovia Capital**. Betakit and The Globe and Mail report **CAD 75 million** of the round has closed, with the remaining **CAD 10 million** expected to close in the coming weeks. BusinessWire and Betakit report the financing brings Float's total debt and equity funding to **CAD 300 million** and that the company serves more than **7,500** Canadian businesses with revenue growth above **120%** since its Series B. Betakit reports a **CAD 550 million** post-money valuation while The Globe and Mail cites roughly **CAD 548 million**. BusinessWire says new capital will advance **Float Intelligence**, expand in Western Canada and Quebec, and fund hiring. Editorial analysis: For practitioners, the raise follows a wider pattern of mid-stage fintechs using late-stage capital to embed AI automation into finance workflows.", "url": "https://wpnews.pro/news/float-raises-cad-85m-series-c-to-boost-ai", "canonical_source": "https://letsdatascience.com/news/float-raises-cad-85m-series-c-to-boost-ai-dbef07c2", "published_at": "2026-06-25 17:47:00+00:00", "updated_at": "2026-06-25 18:19:44.388519+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-startups", "ai-products", "ai-tools", "ai-infrastructure"], "entities": ["Float Financial", "Inovia Capital", "Float Intelligence", "BusinessWire", "Betakit", "The Globe and Mail"], "alternates": {"html": "https://wpnews.pro/news/float-raises-cad-85m-series-c-to-boost-ai", "markdown": "https://wpnews.pro/news/float-raises-cad-85m-series-c-to-boost-ai.md", "text": "https://wpnews.pro/news/float-raises-cad-85m-series-c-to-boost-ai.txt", "jsonld": "https://wpnews.pro/news/float-raises-cad-85m-series-c-to-boost-ai.jsonld"}}