Funding

Tangible funding news – Climate Hardware Fintech Tangible has Raised £4.0 Million in Funding

Nov 15, 2024 | By Kailee Rainse

Tangible funding news - Climate Hardware Fintech Tangible has Raised £4.0 Million in Funding

Tangible, a fintech company focused on climate hardware, has raised £4.0 million to help unlock funding for climate solutions. Its software helps manage asset-backed financing by simplifying the structuring and modeling of transactions.

SUMMARY

  • Tangible, a fintech company focused on climate hardware, has raised £4.0 million to help unlock funding for climate solutions.
  • Tangible believes that hardware companies are key to reducing carbon emissions. To scale these technologies at the needed pace, trillions in debt are required.

The asset-backed securities (ABS) market is large and ready to fund climate solutions, but there's a disconnect. Climate companies have new technologies, while lenders want assets they can trust. Even proven climate technologies often can't access capital without the right financial tools.

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Brief about Tangible

It's platform bridges this gap by turning climate hardware into investments that institutional investors can understand and fund. It allows innovators to use a virtual environment to map out their path to funding, simulate transactions, and build deal structures, even with limited data.

William Godfrey, founder and CEO of Tangible said, "While venture capital can fund innovation and development, accessing debt markets is essential for deployment at scale. Founders get stuck thinking about their business as an equity proposition, Most founders excel at taking risks - that's what equity is for. But scaling requires a completely different mindset: debt is about methodically identifying and mitigating structural risks while correctly compensating for inherent credit risk. The companies that can master both are the ones that will succeed."

Future Positive Capital, Hardware Club VC, MMC, Blackwood, and Systemiq contributed to the funding. Tangible is also working with 28 top investment banks on a project to standardize how emerging climate assets are financed.

Funding Utilisation

The company will use the funding to grow its team and improve its platform, ensuring that capital is deployed quickly and reliably to critical climate projects.

About Tangible

Tangible believes that hardware companies are key to reducing carbon emissions. To scale these technologies at the needed pace, trillions in debt are required. It's platform is designed to help manage and mobilize that capital.

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