Tapline Raises EUR 31M in Pre-Seed Funding

SaaS investment platform Tapline has secured EUR 30 mln of debt financing from Fasanara Capital and EUR 1.7 mln of equity led by V-Sharp Venture Studio.

The EUR 1.7 million equity was led by Czech VC company V-Sharp Venture Studio alongside Antler, Black Pearls VC, 365 fintech, Depo Ventures, and Impetus Capital. The equity funds will help Tapline expand its product offering and make new hires, while the debt funding will allow it to distribute capital to both early and late-stage companies. 

Tapline is a two-sided platform that enables SaaS companies to sell their recurring revenues to institutional investors for annual returns. This exchange provides SaaS companies with instant access to funds to develop their business. The fintech lender is engaging the DACH and CEE markets, and it works across both B2B and B2C SaaS businesses. 

The company offers startups 6 or 12 months of up to EUR 1 million cash at a discount against the future value of recurring revenues.

In February 2022, Tapline has partnered Open Banking platform Nordigen to provide data on business accounts, transaction insights, risk analysis, and credit scoring.  

(Source: The Paypers)