"Yet despite renewed interest in physical innovation, financing remains a major bottleneck. Traditional venture capital models often struggle to support asset-heavy businesses, which typically require large amounts of upfront capital. As a result, many early-stage hardtech companies rely on expensive equity funding to finance capital expenditure, increasing dilution and, in some cases, threatening long-term viability."
"At the same time, private credit, now a $3.5 trillion market, is increasingly well positioned to meet this demand. However, deploying debt capital efficiently into hardtech remains complex and resource-intensive, particularly for lenders reliant on bespoke documentation and manual processes."
"Tangible was founded to address this gap. Its AI-powered platform standardises the data, documentation and ongoing reporting required by lenders, reducing underwriting time and costs while enabling founders to run structured debt facilities without building in-house finance teams."
Tangible raised a $4.3 million seed round 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 Tangible's team and deepen automation across its platform. Hardtech sectors such as energy, transport, advanced manufacturing and compute infrastructure require vast infrastructure investment and face financing bottlenecks because traditional venture capital struggles with asset-heavy businesses. Private credit, a $3.5 trillion market, can meet demand but deployment is complex for lenders. Tangible's AI-powered platform standardises data, documentation and reporting to reduce underwriting costs and enable structured debt facilities without in-house finance teams.
Read at Business Matters
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