Tangible, a fintech platform that enables hardtech companies to access and manage debt financing, has raised a £3 million seed round led by Pale Blue Dot, with participation from MMC, Future Positive Capital, Unruly, SDAC, Prototype Capital, and Aperture. The platform focuses on improving access to structured finance for capital-intensive hardtech companies. The funds will be used to scale the team and build deeper automation.
Hardtech companies often require large amounts of capital but struggle to obtain scalable debt financing until they are considered mature or institutional-ready. As a result, many fund capital expenditure with equity, which can slow deployment and increase dilution. Tangible was set up to address this by enabling access to structured debt alongside equity.
Its platform and finance experts standardise the data, documentation, and ongoing reporting required by lenders. This reduces underwriting time and cost for lenders and allows founders to run structured facilities without building an in-house structured finance team.
Tangible will use the seed funding to expand its team and build deeper automation across collaboration, diligence, and reporting workflows, reducing transaction costs and accelerating time-to-close for both founders and lenders.
