Tapline, a digital finance platform with headquarters in Berlin, Germany that enables SaaS companies to trade their future revenues for up-front and non-dilutive financing, raised €31.7 million in a pre-seed fundraising round.
Fasanara Capital provided loan financing of €30 million and equity financing of €1.7 million, with V-Sharp Venture Studio serving as the lead investor for the combined sum of €31.7 million.
Antler, Black Pearls VC, 365 fintech, Depo Ventures, Impetus Capital, and a number of undisclosed angel investors were among the other investors in the round.
The money will be used to enhance the company’s current product line and hire crucial product and marketing personnel.
Tapline focuses on the SaaS vertical across B2B and B2C business models in the Central Eastern Europe region, which offers high predictability in recurring revenues.
