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From founders’ idealism to flourishing startup  

Velocity company founders of Float named on Forbes’ 30 under 30 Toronto list 

August 23, 2023

As computer science students, Ruslan Nikolaev (BCS ‘20) and Griffin Keglevich just wanted to build cool things.  

Float co-founders L to R: Griffin Keglevich, Ruslan Nikolaev and Rob Khazzam.

Now, the two co-founders of Float, a corporate expense management startup, have raised $31.7 million, recruited a third co-founder, Rob Khazzam, former general manager of Uber Canada who launched Uber in eastern Europe, and have been recognized in the latest Forbes 30 under 30 list for Toronto founders.  

Nikolaev and Keglevich joined Velocity in 2019 to work on a company related to computer vision. Soon after, however, they abandoned their original business idea. Read more on Waterloo News.

At Velocity, we went through a good number of ideas until landing on Float. Many have that idealism and cool ideas to work on, but a startup has to give tangible value to the world and that’s what we learned from Velocity — how to validate a problem, figure out how you’re actually going to solve it and then solve it.

Griffin Keglevich, co-founder of Float
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