# Float Raises CAD 85M Series C to Boost AI

> Source: <https://letsdatascience.com/news/float-raises-cad-85m-series-c-to-boost-ai-dbef07c2>
> Published: 2026-06-25 17:47:00+00:00

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.