Tapline, a digital finance platform that enables SaaS companies to exchange their future revenues for upfront, non-dilutive cash, has successfully secured pre-seed funding totaling €31.7 million in equity and debt.
The Berlin-based startup raised €1.7 million in an equity round led by Czech VC firm V-Sharp Venture Studio, with participation from Antler, Black Pearls VC, 365 fintech, Depo Ventures, Impetus Capital, and several angel investors. Additionally, Fasanara Capital is providing €30 million in debt funding.
Operating under a model similar to that of US-based Capchase, Tapline aims to assist companies in navigating the current economic uncertainty without reliance on venture capital. The platform targets the SaaS sector, including both B2B and B2C business models, which offer high predictability in recurring revenues across Germany, Austria, Switzerland, and Central Eastern Europe.
Tapline has developed a platform for quick onboarding, featuring a proprietary tech-enabled credit score and a complimentary financial dashboard that allows users to monitor key business metrics daily. Companies with a minimum of €8,000 in monthly recurring revenue can trade up to 60% of their annual recurring revenue (ARR) for instant, non-dilutive capital. The startup provides cash upfront for six or twelve months at a discount on the future value of their revenues.
Dean Hastie, CEO of Tapline, stated: “We listened to the fundraising pain points in the market, and it was clear that an alternative financing solution, which is transparent, easy to understand, and offers competitive prices with no hidden costs, was needed. 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.”