Tangible Raises £3M Seed Led by Pale Blue Dot to Build Debt Financing Infrastructure for Hardtech

February 12, 2026

London-based fintech startup Tangible has raised £3 million in a 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 the team and deepen automation across the platform's collaboration, diligence, and reporting workflows — reducing transaction costs and shortening time-to-close for both hardtech founders and institutional lenders.

Capital-intensive hardtech companies — spanning energy, transport, robotics, advanced manufacturing, and compute infrastructure — are central to the biggest macroeconomic themes of the coming decades. BlackRock estimates that $68 trillion of new infrastructure investment will be needed by 2040 to meet global demand. Yet despite renewed interest in physical innovation, financing remains a critical bottleneck. Traditional VC models are poorly suited to asset-heavy businesses, and most early-stage hardtech companies struggle to access scalable debt financing until they are deemed institutional-ready. The result is that founders routinely fund capital expenditure with expensive equity, compounding dilution and, in some cases, threatening company viability. Private credit — now a $3.5 trillion market — is well positioned to fill this gap, but deploying capital efficiently into hardtech remains complex and resource-intensive for lenders reliant on bespoke documentation and manual processes.

Tangible was built to address this structural problem. Its AI-powered platform, supported by a team of structured finance experts, standardises the data, documentation, and ongoing reporting that institutional lenders require to underwrite asset-backed debt. This reduces underwriting time and cost on the lender side, while enabling founders to run structured debt facilities without building an in-house finance function from scratch. The platform automates diligence, collaboration, and reporting workflows, creating repeatable processes that can scale alongside the business. Tangible works with a broad range of lenders — from private credit and hedge funds to equipment financiers and traditional banks.

The company was founded by CEO William Godfrey, Sebastian Abdy Saboune, and Aishwarya Dahanukar. Tangible previously raised £4 million in late 2024 under its former name Twist before rebranding, bringing total capital raised to approximately $8 million including grants. The seed funding builds directly on that foundation, with proceeds targeted at team expansion and deeper platform automation to lower transaction costs and accelerate time-to-close.

Pale Blue Dot General Partner Hampus Jakobson framed the investment around a shared conviction that the physical innovations defining the next decade — from vehicles and data centres to robotics — should not be financed by venture equity alone. The investor syndicate mixes climate-focused and specialist infrastructure backers, reflecting the crossover between hardtech's industrial ambitions and the institutional credit markets that must fund them. For founders caught between dilution and deployment delays, Tangible is positioning structured debt as a strategic growth tool accessible from early in a company's lifecycle.

Sources