The round was led by Canvas Ventures, whose General Partner Mike Ghaffary has joined Float's board, with participation from Wave Capital, Y Combinator, Burst Capital, and Also Capital. Several tech industry founders and leaders joined as angels, including Max Mullen, Co-founder of Instacart, Andrew Bartynski, Vice President of Strategy and Operations at ASRI, Brian Pokorny, former General Partner of SV Angel, Jed Nachman, COO of Yelp, and Brian Osborn, former VP of Marketing at Yelp.

Float is the marketplace moving all the care that doesn't need a hospital to the home. The company provides a myriad of services from scheduling, to vetting, to ensuring timely charting and invoicing for insurance that enables specialty treatment for patients easily at their home. Founded in 2021 by former ER nurse Ryan Johnson, Float has built a network of thousands of highly skilled nurses across California and Arizona to deliver high-quality care to patients suffering from chronic illness. Its customers include some of the largest names in specialty medicine including Optum, CVS, Option Care, Alliance RX (Walgreens), Kroger, Kabafusion, Soleo Health, NuFactor, Care Fusion, and CA Specialty Pharmacy, and more.