Preserving Ownership While Scaling: Tacklit’s Use of Structured Credit
About Tacklit
Tacklit is the world's first operating system for reimagined mental health care delivery. It leverages world class technology, data and artificial intelligence to improve early intervention and coordination of care, deepen therapeutic alliances, measure and maximise outcomes, and reduce time spent in low value tasks.
Tacklit works with forward thinking practitioners, program providers, health tech platforms, employers and education institutions to amplify their impact in supporting community wellbeing.
Funding Strategy
Tacklit’s funding strategy has balanced both equity and non-dilutive debt, enabling the business to scale while preserving founder ownership. They have secured a total of $3.4Min equity across 2 funding rounds.
Central to Tacklit’s approach is a focus on profitability over unsustainable growth. By prioritising efficient capital deployment and maintaining positive unit economics, Tacklit has built a financially resilient model that’s well-positioned for long-term success. This strategy not only strengthens their position in a challenging funding environment but also allows greater control over timing and terms of future growth capital.
In volatile markets, profitable businesses with flexible funding options are better equipped to stay the course—and Tacklit is a clear example of that discipline in action.
Use of Growth Credit
Tacklit initially partnered with Mighty for a 12-month loan. While the business had sufficient cash flow, they wanted to increase investment levels, given the positive unit economics. Our facility allowed them todo this confidently, thus maintaining growth momentum without the need to dilute.
Following this, Tacklit secured a second, upsized growth credit facility with Mighty Partners —demonstrating both the strength of our partnership and our commitment to supporting Tacklit’s long-term growth.
Structured over a three-year term with an eight-month interest-only period, the facility is split into two drawdowns. The first tranche was accessed immediately to fund strategic hires and help Tacklit continue to innovate and develop a superior product. The second provides flexible access to working growth capital as needed.
"To win the health B2B sector, we believe unrelenting customer focus is required, as well a willingness to stay the course. Debt funding from Mighty allows us to bring growth investment forward, while retaining control and ensuring the right focus. We can see this formula continue and the facility grow over time, so long as the unit economics hold" Isar Mazer, Co-founder.
Achievements
Tacklit’s performance has been exceptional, with ARR increasing over 60% in the past 12 months.
Founders Chris Griffiths, Isar Mazer, Michelle Griffiths and Richard Mike Jones continue to hold a control equity position—a reflection of disciplined, long-term thinking and smart capital allocation.
One of our core philosophies at Mighty is to grow alongside the companies we support, upsizing facilities in step with their progress—Tacklit is a great example of this in action.
If you’re exploring capital options to fuel your next phase of growth, learn more about Mighty’s growth credit facilities here.
