Tangible secures $4.3M to unlock debt for hardtech startups
London-based fintech startup Tangible has raised $4.3 million in fresh funding to build structured debt stacks tailored to capital-intensive hardtech and deeptech companies. The round, backed by early-stage investors focused on fintech and industrial innovation, aims to close a long-standing financing gap for hardware-heavy ventures that struggle to access non-dilutive capital.
Solving the funding gap for capital-intensive innovation
While software startups can scale with relatively little physical infrastructure, hardtech companies often require significant spending on manufacturing facilities, specialised equipment and R&D hardware. Traditional banks remain cautious about lending against such assets, and many venture capital funds prefer equity deals that heavily dilute founders.
Tangible is positioning itself as a bridge between these worlds. By designing layered debt structures that combine asset-backed loans, revenue-based facilities and project finance, the company aims to make it easier for climate tech, robotics, advanced materials and other industrial innovators to scale without giving up excessive equity.
A structured approach to hardtech debt stacks
The startup is building a platform that analyses a company’s asset base, revenue profile and project pipeline to assemble a customised stack of credit instruments. These may be sourced from specialist lenders, institutional investors and infrastructure funds that are open to underwriting hard assets but lack direct access to early-stage industrial startups.
By standardising documentation, risk assessment and monitoring, Tangible intends to reduce friction on both sides of the market: founders gain access to repeatable, scalable non-dilutive financing, while lenders receive clearer visibility into asset quality and downside protection.
Positioning London as a hub for industrial fintech
Based in London, Tangible is tapping into the city’s concentration of fintech talent, credit funds and climate-tech founders. The new capital will be used to expand its underwriting team, refine its risk models and deepen partnerships with both hardtech accelerators and institutional lenders.
As governments push for reindustrialisation, energy transition and onshoring of critical technologies, demand for specialised debt solutions is expected to grow. Tangible is betting that the next wave of industrial innovation will be financed not only by equity, but by sophisticated, data-driven debt stacks built specifically for hardtech.