London Fintech Tangible Secures $4.3M to Boost Debt Finance Platform

London-based fintech Tangible has secured $4.3 million in a seed funding round aimed at strengthening its platform, which helps technology companies access and manage debt financing. The round was led by Pale Blue Dot, with additional participation from MMC, Future Positive Capital, Unruly, SDAC, Prototype Capital, and Aperture.

This latest investment follows a previous £4 million (approximately $5.45 million) round completed last year. Tangible focuses particularly on so-called 'hardtech' companies—such as those in robotics, climate technology, mobility, and data centers—which often face barriers to scalable debt financing because they do not fit the traditional venture capital (VC) profile.

Tangible collaborates with a broad network of lenders, ranging from private credit providers and hedge funds to equipment financiers and established banks. According to the company, hardtech companies typically require a well-structured combination of debt and equity financing, but can struggle to access debt until they are considered 'institutional-ready.'

To address this, Tangible leverages an AI-powered platform coupled with finance experts. The platform standardises data, documentation, and ongoing reporting requirements for lenders. Artificial intelligence within the platform helps automate underwriting processes, reducing the time and costs associated with evaluating loan applications. This also enables company founders to run structured debt facilities without the need to build specialized in-house finance teams.

Tangible currently employs 13 people and plans to use the new capital to expand its team and develop additional products. The company positions itself as a solution to legacy financial processes, which often rely on labor-intensive bespoke documentation and manual coordination. By providing a modern infrastructure, Tangible aims to make it easier for institutional credit providers to diligence hardtech companies, allowing these businesses faster and less burdensome access to asset-backed financing.

William Godfrey, co-founder and CEO of Tangible, commented, "As hardtech companies scale at speed, investors need modern infrastructure to deploy capital just as fast. And legacy processes that are reliant on bespoke documentation and manual coordination no longer cut it. This is the exact problem we’re trying to solve with Tangible—we provide the financial infrastructure that makes hardtech easy to diligence for institutional credit to allow companies to raise asset-backed financing faster, and with less friction."

The seed funding will support Tangible’s continued growth within the fintech ecosystem, particularly in offering specialized financial solutions to an expanding segment of technology-led businesses that fall outside conventional VC frameworks.

Source: tech.eu