The Venture Codex Logo

The Venture Codex

Floating Point

433 E. 13TH STREET, APT 4GS, NEW YORK, 10009, UNITED STATES

Overview

Floating Point is an early-stage venture capital firm. The company has offices in both Boston and New York.

Total investments
30
Lead investments
4
Investments · 12mo
6
Active investors
2

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
Visit website

Investment portfolio

  • Mevo

    Participated · Equity · Mar 2026

    Mevo operates a digital-prescription platform focused on popularizing electronic prescriptions through B2B channels, with hospitals as its principal clients. The company is present in about 1,100 hospital units including Rede D'Or, Hospital Sírio-Libanês and Beneficência Portuguesa, and expects hospitals and clinics to generate 50 million prescriptions this year versus 35 million last year. Mevo serves 130 municipal health secretariats and reports that more than 1.4 million SUS patients have used its digital prescriptions. After acquiring competitor Receita Digital, Mevo doubled its number of doctors on the platform to about 100,000 active physicians — roughly 15% of professionals in the country — and estimates reach across all channels of about 15 million patients. Its primary monetization is Mevo Shop, a marketplace connecting prescriptions to 1,600 points of sale including partner chains and its own Mevo Farma, and it also sells exposure to pharmaceutical companies (20 labs currently paying and about 40 in negotiation). The company does not disclose its revenue.

  • CloudCruise

    Participated · Seed · Mar 2026

    CloudCruise provides a three-part infrastructure for healthcare AI agents: a coding agent that generates automation scripts, fully managed infrastructure to run those scripts at scale, and a maintenance agent that keeps automations working as portals and EHRs change. The product targets complex, multi-step healthcare workflows such as prior authorization, eligibility verification, and EHR note creation that require interacting with web portals like a human. The company participated in Y Combinator's Winter 2024 batch and is headquartered in San Francisco. Founders are Adrian Ziegler and Felix Eckert, and CloudCruise has raised $5M in seed funding from institutional investors and angels. The firm is hiring to expand its team and scale its managed infrastructure.

  • Coral

    Participated · Seed · Mar 2026

    Coral provides a platform to make energy-efficiency upgrades for homes more accessible and affordable by simplifying financing for homeowners. The company focuses on bridging the cost gap to enable climate-conscious home improvements. Following its 2026 $7.5M seed raise, Coral plans to expand its platform to reach more households and accelerate adoption of energy-efficient systems. The articles do not report revenue, user counts, founding year, location, or prior funding details. Coral positions itself at the intersection of green financing and home-improvement, responding to rising demand for sustainable, cost-effective upgrades.

  • Vend Park

    Participated · Series A · Nov 2025

    Vend Park offers a single platform that combines agentic AI with an in-house operations team to replace the traditional two-vendor parking model for commercial real estate owners. Its software automates daily parking management, unifies access, billing, and reporting, and delivers a seamless driver experience while boosting property net operating income by about 30 % and trimming operating costs by 30–50 %. Over the last 24 months, the company says it has achieved 35× growth, scaling from 3 to 15 U.S. cities and winning customers such as Nuveen, Jamestown, Federal Realty, and Harwood International. The system is deployed across office towers, mixed-use sites, healthcare facilities, hotels, campuses, event venues, and airports. Vend positions parking as “digital infrastructure” that can unlock trapped revenue and real-time data for owners. The new capital will fuel national market expansion, accelerate its AI product roadmap, and support hiring across sales, engineering, and customer success teams. Headquartered in Boston, the firm markets itself as turning parking into a strategic lever for property value creation.

  • QuoteWell

    Participated · Equity · Oct 2025

    Founded in 2021, QuoteWell combines advanced AI technology with human insurance expertise to streamline the placement of complex, small-to-mid-size commercial risks across sectors such as construction, energy, real estate and manufacturing. Its proprietary "Human+" platform automates internal brokerage workflows, giving agency owners and producers faster access to a diverse carrier panel and enabling them to grow their books of business. Headquartered in Austin, the company positions itself as a modern challenger to traditional wholesale brokerages by applying meaningful AI-driven automation to historically manual processes. With a total of $32 million raised to date, QuoteWell plans to use its latest capital to expand its producer footprint in the Southeast and West Coast and to deepen R&D investments in AI-based automation. Management believes this combination of technology and talent unlocks significant leverage in underwriting efficiency. The firm’s growing backing from prominent venture investors underscores market confidence in its technology-enabled approach to commercial insurance.

Team

  • Edward Segel

    Founder and Managing Partner

    LinkedIn
  • John Loser