Tangible, a London-based fintech platform that helps hardtech companies access and manage debt financing, has raised a $4.3 million seed round as it aims to make structured finance more efficient for capital-intensive businesses. The seed round was led by Pale Blue Dot, with participation from MMC, Future Positive Capital, Unruly, SDAC, Prototype Capital, and Aperture.
The funding will be used to scale its team and build deeper automation across collaboration, diligence, and reporting workflows, with the goal of reducing transaction costs and accelerating time to close for both founders and lenders.
The company is positioning its platform around a growing mismatch between hardtech’s funding needs and typical venture capital models. Tangible argues that companies building physical assets in areas such as the energy transition, compute infrastructure, transport, and reindustrialisation often require scalable, well-structured debt alongside equity, yet many are unable to access institutional-style facilities until they are considered mature or “institutional ready.” That dynamic, the company said, pushes earlier-stage teams to finance capex with expensive equity, increasing dilution and, in some cases, threatening long-term viability.
Tangible’s approach combines an AI-powered software platform with structured finance expertise to standardise the data, documentation, and ongoing reporting lenders require. By doing so, Tangible aims to reduce underwriting time and cost for lenders while enabling founders to run structured facilities without building an in-house structured finance team.
Tangible also framed its opportunity within broader capital market trends, pointing to the expanding role of private credit in funding asset-heavy businesses. The company said lenders will need to increase the efficiency with which they deploy capital to these asset classes if private credit is to meet rising demand.
Tangible said it offers hardtech companies an alternative to raising additional equity when debt could be a better fit, particularly for founders facing capital constraints.
KEY QUOTES
“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.”
Hampus Jakobson, General Partner, Pale Blue Dot
“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.”
William Godfrey, Co-Founder & CEO, Tangible
