Tapline, a Berlin, Germany-based digital finance platform allowing SaaS companies to trade their future revenues for upfront and non-dilutive cash, announced that it raised €31.7 million in a pre-seed funding round.
The €31.7 million is composed of €30 million in debt funding provided by Fasanara Capital, and €1.7 million in equity funding, led by V-Sharp Venture Studio, with Antler, Black Pearls VC, 365 fintech, Depo Ventures, Impetus Capital, and several undisclosed angel investors participating in the round.
The funds will be used to enhance its current solution and make key hires in the areas of marketing and product.
Dean Hastie, CEO of Tapline, says: "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. "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."
Tapline is focusing directly on the SaaS vertical across both B2B and B2C business models-which offer high levels of predictability in recurring revenues in Germany, Austria, Switzerland, and the Central Eastern Europe region.
Round: pre-Seed Round
Funding Month: December 2022
Lead Investors: Fasanara Capital (Debt), and V-Sharp Venture Studio (Equity)
Additional Investors: Antler, Black Pearls VC, 365 fintech, Depo Ventures, and Impetus Capital
Company Website: https://tapline.io/
Software Category: Trading Platform
About the Company: Founded by Peter Grouev and Dean Hastie, Tapline is a SaaS funding platform that transforms subscriptions into upfront cash. Tapline has built a platform that allows for swift onboarding, provides clients with a proprietary tech-enabled credit score, and a free financial dashboard to monitor various metrics of users' businesses daily. Tapline enables subscription-based companies to turn 12 months of forecasted recurring revenue into upfront cash. As a result, founders get the capital they need today for tomorrow’s growth and expansion. On the other hand, Tapline offers investors a state-of-the-art asset class by providing exposure to the predictability of recurring revenues. Tapline aims to be the #1 funding solution for subscription-based companies in Europe, and it's on a mission to bring exponential growth to companies while they scale.