Tangled, a code collaboration platform with roots in Finland, has announced the closing of a €3.8 million seed funding round.

Funding Objectives

The company intends to use the funds to scale its decentralized Git collaboration network. The stated goal is to position itself as a viable European alternative to established US-based solutions like GitHub.

Investors

The round was led by the venture capital fund byFounders, with a mix of institutional investors and prominent angel investors, including the former CEO of GitHub. This financial support aims to strengthen Tangled's position in the European developer collaboration landscape.