Tapline, a Berlin-based digital finance platform, has secured €31.7 million in equity and debt in the Pre-Seed funding round. Out of the total, debt funding of €30 million was provided by UK-based alternative asset management company Fasanara Capital.
Earlier this year, Fasanara Capital raised a $500 million in enterprise capital fund to invest in fintech and Web3 pioneers. The remaining €1.7 million equity round is led by the Czech VC firm V-Sharp Venture Studio, alongside Antler, Black Pearls VC, 365 fintech, Depo Ventures, Impetus Capital, and several business angels investing in the round.
Founded by Dean Hastie, Dmitrij Miller, and Peter Grouev in 2021, 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.
The company focuses on the SaaS vertical across B2B and B2C business models, particularly in the DACH and CEE markets. As per the company’s claims, SaaS models offer high levels of predictability in recurring revenues, which allows for accurate financial underwriting.
All Comments