Sector:
Fintech
Country:
United Kingdom
Year
2024
Short Description
Tangible is changing the Hardware-as-a-Service (HaaS) sector by enhancing bank financing methods for hardware.
Founders
William Godfrey
,
Co-founder & CEO
Sebastian Sabouné
,
Co-founder & CPO
Why we invested
Tangible fits our view that hardware and “hard-tech” companies do not fail on ambition but usually more on financing structure. By helping founders package assets and cash flows in a way lenders understand, Tangible unlocks debt where equity alone falls short. This blend of financial innovation and industrial ambition strongly resonates with our European focus.
Founder Story
William Godfrey
,
Co-founder & CEO
Will started in hardware long before he thought about capital stacks. He studied industrial design, learning how complex physical products come together. Early roles took him to Bloodhound, the supersonic car project aiming at close to a thousand miles per hour, where he helped design key parts and saw what extreme physical forces do to a body. He then joined a deeptech 3D printing company, staying close to the realities of manufacturing and materials.
Moving into venture capital, he watched hardware founders hit the same wall. The expectations were set by software and AI: rapid growth, clean margins, neat equity rounds.
Hard-tech companies like electric motorcycles or large-scale batteries were raising significant funding to spend half of it on steel. Neither the math nor the model worked. He witnessed that debt and structured finance existed for large, stable companies, while early and growth-stage companies had no equivalent path.
Tangible is here to close that gap. Will believes climate, energy security, and transportation are physical problems that need physical solutions, and those solutions need a different kind of financing infrastructure. Today, Tangible standardizes and structures hard-asset finance so companies can access the capital needed to build.
Will started in hardware long before he thought about capital stacks. He studied industrial design, learning how complex physical products come together. Early roles took him to Bloodhound, the supersonic car project aiming at close to a thousand miles per hour, where he helped design key parts and saw what extreme physical forces do to a body. He then joined a deeptech 3D printing company, staying close to the realities of manufacturing and materials.
Moving into venture capital, he watched hardware founders hit the same wall. The expectations were set by software and AI: rapid growth, clean margins, neat equity rounds.
Hard-tech companies like electric motorcycles or large-scale batteries were raising significant funding to spend half of it on steel. Neither the math nor the model worked. He witnessed that debt and structured finance existed for large, stable companies, while early and growth-stage companies had no equivalent path.
Tangible is here to close that gap. Will believes climate, energy security, and transportation are physical problems that need physical solutions, and those solutions need a different kind of financing infrastructure. Today, Tangible standardizes and structures hard-asset finance so companies can access the capital needed to build.
Sector:
Fintech
Country:
United Kingdom
Year
2024
Short Description
Tangible is changing the Hardware-as-a-Service (HaaS) sector by enhancing bank financing methods for hardware.
Founders
William Godfrey
,
Co-founder & CEO
Sebastian Sabouné
,
Co-founder & CPO
Why we invested
Tangible fits our view that hardware and “hard-tech” companies do not fail on ambition but usually more on financing structure. By helping founders package assets and cash flows in a way lenders understand, Tangible unlocks debt where equity alone falls short. This blend of financial innovation and industrial ambition strongly resonates with our European focus.
Founder Story
William Godfrey
,
Co-founder & CEO
Will started in hardware long before he thought about capital stacks. He studied industrial design, learning how complex physical products come together. Early roles took him to Bloodhound, the supersonic car project aiming at close to a thousand miles per hour, where he helped design key parts and saw what extreme physical forces do to a body. He then joined a deeptech 3D printing company, staying close to the realities of manufacturing and materials.
Moving into venture capital, he watched hardware founders hit the same wall. The expectations were set by software and AI: rapid growth, clean margins, neat equity rounds.
Hard-tech companies like electric motorcycles or large-scale batteries were raising significant funding to spend half of it on steel. Neither the math nor the model worked. He witnessed that debt and structured finance existed for large, stable companies, while early and growth-stage companies had no equivalent path.
Tangible is here to close that gap. Will believes climate, energy security, and transportation are physical problems that need physical solutions, and those solutions need a different kind of financing infrastructure. Today, Tangible standardizes and structures hard-asset finance so companies can access the capital needed to build.
Will started in hardware long before he thought about capital stacks. He studied industrial design, learning how complex physical products come together. Early roles took him to Bloodhound, the supersonic car project aiming at close to a thousand miles per hour, where he helped design key parts and saw what extreme physical forces do to a body. He then joined a deeptech 3D printing company, staying close to the realities of manufacturing and materials.
Moving into venture capital, he watched hardware founders hit the same wall. The expectations were set by software and AI: rapid growth, clean margins, neat equity rounds.
Hard-tech companies like electric motorcycles or large-scale batteries were raising significant funding to spend half of it on steel. Neither the math nor the model worked. He witnessed that debt and structured finance existed for large, stable companies, while early and growth-stage companies had no equivalent path.
Tangible is here to close that gap. Will believes climate, energy security, and transportation are physical problems that need physical solutions, and those solutions need a different kind of financing infrastructure. Today, Tangible standardizes and structures hard-asset finance so companies can access the capital needed to build.