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Tapline lands €31.7m pre-seed funding

Funding includes €30m of debt financing from Fasanara Capital and €1.7m of equity led by V-Sharp Venture Studio.

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Tapline, a new fintech lender offering non-dilutive capital to SaaS companies who trade their future revenues, has raised a pre-seed funding round totalling €31.7m. 

The company offers startups six or 12 months of up to €1m cash at a discount against the future value of recurring revenues. 

The new funding is largely (€30m) debt funding, provided by Fasanara Capital, a UK-based hedge fund with more than $3.5bn (£2.8bn) in assets under management. 

V-Sharp Venture Studio, a Czech VC firm, led the €1.7m equity part and invested alongside Antler, Black Pearls VC, 365 fintech, Depo Ventures, Impetus Capital and several business angels investing in the round. 

Berlin-based Tapline is currently focused on the DACH and CEE markets, working across both B2B and B2C SaaS businesses.

Tapline plans to use the cash from the equity raise to make key hires as well as expand its product further while its debt funding will allow it to distribute capital to both early and late-stage companies.

“We listened to the fundraising pain points in the market, and it was clear that an alternative financing solution, that is transparent, easy to understand and offers competitive prices with no hidden costs was required,” said Dean Hastie, Co-founder, and CEO.

“Ultimately, we can provide a quick, transparent, and non-dilutive capital solution to founders, so they can continue to focus on what they do best: building innovative businesses. During the current economic uncertainty, our platform will allow SaaS companies to continue focusing on growth,” he added. 

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