Tangible raises $4.3m to expand hardtech debt platform

By Vriti Gothi

London-based FinTech Tangible has secured $4.3 million in seed funding to expand its platform designed to help hardtech companies access structured debt financing. The round was led by Pale Blue Dot, with participation from MMC, Future Positive Capital, Unruly, SDAC, Prototype Capital and Aperture.

Tangible operates a FinTech platform that standardises data, documentation, and reporting for capital-intensive companies seeking debt financing. The company aims to address a structural gap in the funding landscape for “hardtech” businesses—those developing physical, asset-heavy technologies in areas such as energy, transport, robotics and data infrastructure.

The financing challenge has become more pronounced as demand for physical infrastructure accelerates. Asset manager BlackRock estimates that $68 trillion in new infrastructure investment will be required by 2040 to meet global demand linked to energy transition, compute capacity, and industrial build-out. At the same time, private credit has grown into a $3.5 trillion market, positioning non-bank lenders as potential providers of asset-backed capital for such projects.

However, early- and growth-stage hardtech companies often struggle to secure scalable debt until they reach “institutional-ready” maturity. As a result, many rely heavily on equity to fund capital expenditure, increasing dilution and potentially constraining long-term growth.

Tangible’s platform combines automation with in-house finance expertise to streamline underwriting and ongoing reporting for lenders. By standardising structured finance processes, the company seeks to reduce transaction costs and enable founders to manage debt facilities without building dedicated internal teams.

Hampus Jakobson, General Partner at Pale Blue Dot, said many of the innovations shaping the future are “fundamentally physical” and should not be financed solely through venture equity. He added that Tangible’s approach broadens financing options for hardtech businesses by bridging the gap between equity and institutional credit.

William Godfrey, Co-Founder and CEO of Tangible, said growing demand for reindustrialisation, energy security, and compute infrastructure requires “modern infrastructure” for capital deployment. He noted that legacy processes dependent on bespoke documentation and manual coordination are ill-suited to the scale and speed required by lenders and founders. “We provide the financial infrastructure that makes hardtech easy to diligence for institutional credit, allowing companies to raise asset-backed financing faster and with less friction,” he said.

The seed funding will be used to expand Tangible’s team and deepen automation across collaboration, diligence, and reporting workflows. The company aims to shorten time-to-close for structured facilities and increase efficiency for lenders allocating capital to asset-heavy sectors.

As hardtech investment intensifies globally, platforms that improve the deployment of private credit into capital-intensive industries are emerging as a critical layer of financial infrastructure. Tangible’s model reflects a broader shift toward technology-enabled structured finance as an enabler of industrial and energy transition projects.