Boston C-Corp, $1.2M ARR, no CFO. Data room, board packs, and 5-year model built from scratch. Series A closed at $14M valuation in 11 weeks.
01The Situation
A Boston C-Corp at $1.2M ARR was approaching investors with no CFO, no board reporting, and no investor-grade financial model. Three investors had taken meetings and all three asked for the same things. One said directly: give us something to hold. They called us the following Monday.
02What We Did
We cleaned and categorized 3 years of transactions into a proper P&L and balance sheet, built a 5-year model with usage-based pricing tiers and cohort-based churn analysis, and organized the data room around the specific diligence checklist used by the lead investor's firm. Round closed in 11 weeks.
Breakdown
| SaaS Metric | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Status |
|---|---|---|---|---|---|
| MRR | $35K | $53K | $75K | $100K | |
| ARR | $420K | $636K | $900K | $1.2M | |
| Gross Margin | 68% | 70% | 72% | 72% | |
| Net Rev. Retention | 104% | 109% | 114% | 118% | |
| Monthly Burn | $84K | $80K | $76K | $72K |
"We built the product for 2 years. You built the financial story in 30 days. Together, that was enough." Now retained as fractional CFO, month 8 of the engagement.
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