London fintech Tangible raises $4.3M in seed funding

London-based fintech firm Tangible has secured $4.3 million in seed funding, signaling continued investor confidence in innovative financial solutions for emerging technology sectors. This funding round, led by Pale Blue Dot and joined by several other notable investors, aims to bolster Tangible's capacity to support "hardtech" companies, a segment often underserved by traditional venture capital models. The investment underscores a growing recognition of the need for specialized financial infrastructure to facilitate the growth of complex, asset-heavy technology ventures. Tangible's platform utilizes AI and finance expertise to streamline debt finance access for companies in fields like robotics, climate tech, and data centers. By standardizing data, documentation, and reporting for lenders, the service significantly reduces underwriting time and costs, while enabling founders to manage structured financing without substantial in-house teams. This approach addresses a critical gap, as "hardtech" firms frequently struggle to secure scalable debt financing until they reach institutional maturity. The influx of capital will enable Tangible to expand its team and further develop its product offerings, directly impacting founders of hardtech companies by providing them with the crucial financial tools needed for rapid scaling. This development is particularly relevant in the context of fostering European technological sovereignty, by creating more accessible pathways for capital to flow into nascent, yet strategically important, domestic industries, reducing reliance on potentially less aligned international funding sources.