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B and C Round Funding, Interim CFO Services

Series B and C Round Venture Backed Companies

When your organization is ready for Series B and C rounds of venture capital, CFOexec customized services can include:

  • Assisting the CEO and board in raising additional convertible debt or equity as needed
  • Addressing complex accounting issues such as revenue recognition policies, expensing of stock options, foreign currency translation, and proper classification of equity, all of which serve to lower audit fees
  • Creating a rolling twelve month projection model as a supplement to the annual forecasting process to provide the management team with updated targets and goals
  • Preparing budget versus actual financial statements and variance analysis for board members and the management team to facilitate operational adjustments. Additionally, CFOexec can develop key operating indicators for use by management to monitor their progress in achieving critical operational objectives
  • Evaluating advanced accounting software packages, then making recommendations as to the package to be purchased and the best timing of such a purchase
  • Assisting in selection of the audit firm followed by leading the company through its audit to include drafting of footnotes to the audited financial statements and writing the various position papers on accounting pronouncements
  • Strategizing with the CEO and board members on potential exit strategies; ensuring that preparation for such an event has begun by organizing all important corporate documents in preparation for due diligence review

Project Highlights

  • Led a high tech manufacturing company through the process of completing three years of audited financial statements in preparation for a listing on London’s Alternative Investment Market (AIM).
  • Assisted CEOs of three technology companies in raising $70M in equity financing.
  • Evaluated revenue recognition policies of three software‑as‑a‑service (SaaS) companies, then collaborated with the management teams to revise marketing materials and company web sites to enable these companies to recognize more revenue at the point of sale than was previously possible.