Tangible secures $4.3 million to scale platform

A London-based fintech platform helping capital-intensive technology businesses secure structured debt is set to scale after raising fresh investment.

Tangible has secured a $4.3 million seed round led by Pale Blue Dot, with backing from MMC, Future Positive Capital, Unruly, SDAC, Prototype Capital and Aperture. 

Founded to address the financing gap facing hardtech companies, Tangible supports businesses operating in areas such as energy, compute, transport and industrial infrastructure. 

These firms often require significant capital expenditure but struggle to access scalable debt until they reach institutional maturity, leaving many reliant on costly equity funding.

Tangible’s AI-powered platform standardises the data, documentation and reporting required by lenders, reducing underwriting time and transaction costs. 

By streamlining collaboration, diligence and ongoing reporting, the company aims to make structured finance more accessible to earlier-stage hardtech ventures while improving efficiency for private credit providers.

Bosses say the funding will enable the company to expand its team and deepen automation across its platform.

They add the firm plans to enhance automation across workflows, accelerating deal completion and helping hardtech businesses build scalable debt capital stacks alongside equity.

William Godfrey, co-founder and chief executive of Tangible, said: “Reindustrialisation, energy security, and the race for technological sovereignty in compute are driving unprecedented demand for physical assets. 

“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.” 

Hampus Jakobson, general partner at Pale Blue Dot, added: “It is clear that most of the innovations shaping the future – from vehicles and data centres to robotics – are fundamentally physical. 

“And, to enable efficient innovation they should not be financed by venture equity alone.

“Tangible’s solution opens up financing options for hard tech businesses, and we believe strongly in Will, Seb, and Ash’s vision to accelerate growth by bridging this financing gap.”

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