Diligence memo · auto-generated · as of July 3, 2026
Float INC.
Float INC. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Float INC. operates in Computers, based in WILMINGTON, HI, USA; Remote. Supply chain finance for consumer brands
Sub-sector tags: Fintech, B2B, E-commerce.
Capital & rounds (filed)filed
Float INC. has raised $18M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $17M on 2022-01-18.
Most recent recorded round closed around 2024-09-15.
Valuation (modeled)modeled
Provath models Float INC. at approximately $3.8M (range $689K–$9.5M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 32 months.
Last raise 22 mo ago; this sector typically re-raises about every 12 months.
Slightly overdue versus sector cadence.
The last round was 22.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 87% of Computers peers (1371 compared).
Modeled value ranks above 11% of those peers.
Closest niche peers: Konfer, Inc., Rigor Technologies Inc, Third Time Entertainment, Inc, Drifting in Space Corp, K16 Solutions, Inc..
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.