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.
This result came from our fractional CFO advisory for technology and SaaS companies. See more client results.
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.
Want results like these?
Book a free consultation — we'll tell you exactly what we'd do.