Berlin-based Tapline, a digital funding marketplace that allows SaaS companies to trade their future revenues for upfront and non-dilutive cash, announced on Thursday that it has raised €31.7M in a pre-Seed round of funding.
Tapline says it will use the funds to tap into the exponentially growing SaaS market, where global transaction volumes are set to reach €720B in 2028. The funds will also be used to enhance the Tapline solution and hire key individuals around marketing and product.