The need
A well-funded startup in the U.S. agriculture industry was without a CFO and in need of a fractional CFO as it looked to close on its series A funding round.
How we added value
Initial calls were on a Monday and we were on-site on Wednesday having agreed to provide a fractional CFO resource for approximately two days a week. We were able to get the monthly books closed and initial forecasts, valuation and data room reviewed for the four months the company had been without a finance chief. Since that time we've been leading the financial and management reporting, capital management, governance & compliance, internal controls, and talent management for the company which has grown substantially and is about to close on its first investment grade funding round.
Results
We quickly mobilized and have been leading the financial and management effort ever since. The company got a seasoned Big 4 resource for a fraction of what it would have had to pay a full time equivalent and has access to an entire firm as its CFO not just a lone temporary employee.
Financial leadership for start-ups
Finance, fast and fixed
Client
Agri-business
Services
Fractional CFO
Year
2024
From disarray to discipline
When we stepped in, the company hadn’t closed its books in four months and was preparing for investor scrutiny. Within days, we stabilized the financial function and re-established credibility with external stakeholders.
