

Debt Check Your Hardtech - How Debt Investors Decide What Becomes Fundable
We've all seen how transformative scalable debt can be for the hardware companies that qualify. The fastest-growing, most capital-efficient hardtech companies are the ones that successfully layer debt into their financing strategy (becoming quasi-banks in the process: see Tangible's recent article with Not Boring, Capital Intensity Isn’t Bad).
But here’s the challenge: most founders, and many investors, don’t fully understand when novel hardware becomes “fundable” from a debt perspective. Debt investors look for specific signals in business models, asset types, and market traction. If a company isn’t built with those signals in mind, accessing credit can be delayed or impossible, slowing growth, increasing dilution, and limiting outcomes.
This session is designed specifically for VC Investors to understand how debt investors underwrite novel hardware and emerging assets. By learning how credit providers think, you’ll sharpen your equity lens. What's covered:
Update on macro shifts in private credit and their ability to take risk
Know which types of hardtech are more likely to attract scalable debt facilities (and why).
Anticipate when in a company’s lifecycle debt unlocks meaningful growth.
Help steer your portfolio toward being “debt-ready,” earlier in their journey.
Presented by:
Aishwarya Dahanukar, Co-founder & Chief Commercial Officer at Tangible with 25 years in capital markets, credit risk, and structured finance.
William Godfrey, Co-founder & Chief Executive Officer at Tangible. Former hardware founder. Expert on leveraging debt in novel asset classes.