Companies · Computers

Float INC.Summer 2021Active

WILMINGTON · HI, USA; Remote · Computers · founded 2021 · https://float.xyz

Diligence memoA one-page analyst read on Float INC. — recommendation, valuation, rhythm, risks.
$17.8M
Total raised · real
2
Rounds
0.0×
Latest step-up
Top 14%
Sector rank · raised
Seed
Latest stage · inferred · Sun Sep 15 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Float INC. looks under-valued against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the software/compute sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.28× the median modeled value of Seed Computers companies in 2022–2024 (41 peers) — value vs value, same stage and era.
Quiet
  • Last raise 22 mo ago; this sector typically re-raises about every 12 months.
  • Slightly overdue versus sector cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Computers

Float INC. is one of 1371 Computers companies tracked from WILMINGTON, HI, USA; Remote, on record since 2021. By capital raised it ranks in the upper tier (ahead of 87% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Supply chain finance for consumer brands

Float is Pipe for supply chain finance. We help fast-growing consumer brands unlock capital from their inventory. We pay their supplier invoices up front and enable them to pay for their inventory after they’ve sold it.

FintechB2BE-commerce
Find Float INC. online

As reported in public records reported — not modeled.

US
Jurisdiction
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
15
Investors (latest)
2024
Year incorporated
2024-09-15
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeed · 2022-01-18 Raised $17M (real) Modeled valuation $319M (est)$17M$319MSeed2022Seed · 2024-09-15 Raised $765K (real) Modeled valuation $3.8M (est)$765K$3.8MSeed2024+$765KCumulative $18M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$17.0M · 2022
Seed extension$765K · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$3.8M
Base estimate est.
$689K
Conservative case
$9.5M
Upside case
$3.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the software/compute sector profile. Directional, not a quoted figure.

Seed · modeled $318.5M · 2022-01-182022Seed · modeled $3.8M · 2024-09-152024
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.65×/yr
Annual markup
2.17×/yr upside case
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
software/compute
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
32 mo
Avg between rounds
$6.7M/yr
Capital velocity
4.5 yr
On record since
2022
First round
2
Rounds on file
How it compares to the market

Benchmarked against 1371 companies in Computers. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 9.3× above median
This company$17.8M
Sector median$1.9M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.4× of median
This company$765K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$3.8M
Sector median$33.0M

Raised more than 87% of sector peers (real $). Modeled value above 11% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #37 of 41.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Konfer, Inc. · Seed Raised $3.2M · modeled $60.2M (est)Rigor Technologies Inc · Seed Raised $3.0M · modeled $50.0M (est)Third Time Entertainment, Inc · Seed Raised $2.5M · modeled $46.7M (est)Drifting in Space Corp · Seed Raised $2.6M · modeled $44.9M (est)K16 Solutions, Inc. · Seed Raised $8.6M · modeled $34.1M (est)AG1, Inc. · Seed Raised $5.0M · modeled $28.4M (est)Status Commerce Inc. · Seed Raised $1.5M · modeled $27.1M (est)Zelar Soft, LLC · Seed Raised $3.0M · modeled $25.0M (est)ShotQuality Inc. · Seed Raised $1.7M · modeled $24.4M (est)AlphaMiner Labs, LLC · Seed Raised $2.0M · modeled $22.4M (est)Exafluence, Inc. · Seed Raised $2.0M · modeled $22.2M (est)Leaderboard Golf, Inc. · Seed Raised $2.3M · modeled $20.6M (est)Float INC. (this company) Raised $17.8M · modeled $3.8M (est)Float INC.
CompanyStageRaised · realValue · estvs peer med.
Konfer, Inc.Seed$3.2M$60.2M4.44×
Rigor Technologies IncSeed$3.0M$50.0M3.69×
Third Time Entertainment, IncSeed$2.5M$46.7M3.44×
Drifting in Space CorpSeed$2.6M$44.9M3.31×
K16 Solutions, Inc.Seed$8.6M$34.1M2.51×
AG1, Inc.Seed$5.0M$28.4M2.09×
Status Commerce Inc.Seed$1.5M$27.1M2.00×
Zelar Soft, LLCSeed$3.0M$25.0M1.84×
ShotQuality Inc.Seed$1.7M$24.4M1.80×
AlphaMiner Labs, LLCSeed$2.0M$22.4M1.65×
Exafluence, Inc.Seed$2.0M$22.2M1.64×
Leaderboard Golf, Inc.Seed$2.3M$20.6M1.52×
Float INC. this companySeed$17.8M$3.8M0.28×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$17.0M2022-01-18$85.0M$318.5M45%
Seed$765K2024-09-15$3.8M$3.8M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$17.0M2022-01-18
    • First recorded raise — entered as Seed.
  2. Seed$765K2024-09-15
    • Raised again after 32 mo — slower than the ~12 mo sector norm.
    • Round 22.2× smaller than the prior — bridge or down round.
    • 15 investors on this round.
Intelligence
2027 ~Q2
Modeled next raise · ~32mo cadence
$765K
Modeled next size est.range $765K$1.2M
0.0×
Last step-up
$6.7M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
John Stogin2024-09
Registry & provenance

Float INC. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
2037451
SEC CIK
2024
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

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Internet Pawn Inc.ComputersSeed$7.7M$11.2Msame sector · same stage
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Kuboo, Inc.ComputersSeed$49.9M$6.1Msame sector · same stage
Aboutone, Inc.ComputersSeed$6.1M$12.2Msame sector · same stage
High QA, Inc.ComputersSeed$4.5M$12.4Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Float Health Inc.
Float is the full-stack platform for Specialty Pharma
PharmaSeries A$80.8M78%
Drip Capital
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Fintech75%
Float Financial, LLCOtherSeries A$10.8M75%
Circular Inc.
Subscription consumer electronics for Asia
FintechSeed$25.7M74%
CapWay
Inclusive financial technology service provider.
Fintech74%
Anchor
Embedded finance platform for African businesses
FintechPre-Seed$13.2M74%
Spade
Enriched transaction data you can build on
Fintech74%
Flowbo
Pipe for online businesses
Fintech74%
Frequently asked
How much funding has Float INC. raised?
Float INC. has raised approximately $17.8M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Float INC.'s estimated valuation?
Provath's modeled valuation for Float INC. is approximately $3.8M (modeled range $689K–$9.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Float INC. at?
Float INC.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Sun Sep 15.
What does Float INC. do and where is it based?
Float INC. operates in the Computers sector, based in WILMINGTON, HI, USA; Remote. Supply chain finance for consumer brands
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