London-based fintech Tangible has secured $4.3 million in seed funding to accelerate the development of its platform designed to help technology companies access and manage debt finance. The round was led by Pale Blue Dot, with participation from MMC, Future Positive Capital, Unruly, SDAC, Prototype Capital, and Aperture, underscoring growing investor interest in modernising how capital flows into hardtech businesses.
Addressing a financing gap in hardtech
Founded to support companies operating beyond the traditional venture capital playbook, Tangible focuses on what it describes as hardtech sectors, including robotics, climate technology, mobility, energy infrastructure, and data centres. These businesses are often asset-heavy, capital-intensive, and slower to reach the revenue profiles typically required for large-scale venture funding. As a result, they frequently need structured debt alongside equity to scale efficiently.
However, accessing debt financing at earlier stages remains a challenge for many hardtech founders. Traditional lenders often view these companies as too risky or operationally complex, while alternative credit providers face high underwriting costs due to fragmented data and bespoke documentation. Tangible positions itself as an intermediary that removes these frictions by standardising how companies present themselves to lenders.
A platform built for lenders and founders
Tangible works with a broad range of capital providers, including private credit funds, hedge funds, equipment financiers, and traditional banks. Its AI-powered platform standardises financial data, documentation, and ongoing reporting in a format lenders can quickly evaluate. By reducing manual processes and inconsistencies, Tangible aims to lower underwriting time and costs, making it easier for lenders to deploy capital into complex businesses.
For founders, the platform enables the management of structured debt facilities without the need to build an internal structured finance team. This allows management teams to focus on product development and operations while still accessing sophisticated financing tools typically reserved for more mature companies.
Building modern financial infrastructure
William Godfrey, co-founder and CEO of Tangible, said the company was created in response to the growing mismatch between how fast hardtech companies scale and how slowly capital markets are able to respond.
“As hardtech companies scale at speed, investors need modern infrastructure to deploy capital just as fast,” he said. “Legacy processes that rely on bespoke documentation and manual coordination no longer work. We’re building the financial infrastructure that makes hardtech easier to diligence for institutional credit, allowing companies to raise asset-backed financing faster and with less friction.”
The company argues that while venture capital has become increasingly standardised, debt financing for innovative, asset-heavy businesses has not kept pace. Tangible’s approach is to bring the same level of software-driven efficiency to private credit that fintech has already delivered in areas such as payments and accounting.
Continued momentum after earlier funding
The seed round follows a £4 million funding raise completed last year, bringing Tangible’s total funding to nearly $10 million. Since then, the company has grown its customer base across multiple hardtech verticals and expanded its lender network. Tangible currently employs a team of 13 people, combining expertise in structured finance, credit markets, and software development.
Plans for growth and product expansion
With the new capital, Tangible plans to expand its team and continue developing new products that further streamline debt origination and management. The company is also looking to deepen its integrations with lenders and explore additional use cases around asset-backed financing, recurring credit facilities, and portfolio-level reporting.
As capital-intensive technologies play a growing role in areas such as climate transition, automation, and energy infrastructure, Tangible is betting that demand for scalable, transparent debt solutions will continue to rise. By positioning itself as core infrastructure for hardtech finance, the company aims to help founders and lenders meet in the middle, unlocking capital that has traditionally been difficult to access at scale.