Berlin, Germany: 6th December 2022 - Tapline, a digital finance platform allowing SaaS companies to trade their future revenues for upfront and non-dilutive cash, has today announced a pre-seed funding of €31,7 million.
“Access to capital for digital SME’s is a key driver of growth. With today’s difficult macroeconomic environment, its essential there is a financial solution that can support these companies. This is why we are happy to support German based Tapline, with their mission of democratizing access to capital to digital SME’s”
Francesco Filia, CEO of Fasanara Capital
There are many outstanding SaaS companies that have a proven product and a growing customer base, but they need additional funding to fuel further growth. For companies not suitable for or not wanting to raise venture capital, there hasn't been a suitable form of financing in our region for them to take their business to the next level and allow them to keep innovating. Tapline with its non-dilutive financing solution perfectly fits this need. In addition, Tapline has an amazing founder-product fit with Dean, Peter and Dmitrij, so the investment was a no-brainer for us."
Matej Zabadal, Managing Partner of V-Sharp Venture Studio.
As a leading global early-stage investor, we look at a founding team’s strong domain expertise, clarity of vision, team cohesion and dynamics as well as their ability to execute quickly. The Tapline team exceedingly ticks all these boxes and we are very excited to be part of their journey of bringing an innovative and well differentiated solution to the revenue-based finance market
Christoph Klink and Alan Poensgen, Partners at Antler
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. During the current economic uncertainty, our platform will allow SaaS companies to continue focusing on growth.”
Dean Hastie, Co-founder and CEO of Tapline
About Fasanara Capital
Launched in 2011, Fasanara Capital is a UK based hedge fund and technology platform with more than $3.5bn (£2.8bn) in assets under management. It is one of the largest Fintech focused capital providers globally, with multiple USD 100 Million+ investments in Fintechs. It looks to invest in new technology that is sustainable, scalable, and backed by data. Through the use of proprietary financial technology, it provides liquidity to global firms including Fintech lenders and digital asset businesses. The company has previously invested about $500 million across three venture funds to back early-stage tech-based companies.
About Black Pearls VC
Black Pearls VC is an early-stage venture capital firm focused on supporting the leading tech companies from the Baltic Sea Region. It invests in early-stage with a typical ticket of anywhere between €100k - €1m. Black Pearls VC is a part of the Kauffman Fellows, a global network of +500 leading VCs.