Capital Raise Support
Case in Point
An emerging Cleantech company with a revolutionary product required financial executive support through a fundraising process.
Situation Assessed
A cleantech company needed assistance in project management, updated accounting structure and investor outreach to put them on the track for accelerated corporate growth.
Challenges Encountered
- The Company did not have an internal financial expert to act as a liaison between Management and the potential investors
- Books and records required extensive clean-up, along with a cash-to-accrual conversion of the Company’s activity
- The Company’s Cap Table was outdated and key pieces of information were missing
- Additional investment was needed to hit a key threshold to trigger the convertible notes conversion and de-leverage the balance sheet
Value
Delivered
- Worked alongside the Chief Executive Officer and Board of Directors to, provide deal expertise and project management, through the due diligence process
- Managed additional investor outreach and corporate development efforts
- Developed an 18-month cash flow forecast and an itemized Sources & Uses, providing investors with a detailed financial roadmap for increased commercialization
- Developed an iterative Cap Table model to the investor group with support behind key valuation metrics, providing greater assurance on pre- and post-money valuations
- Implemented necessary improvements within the accounting and operating structure to create greater transparency into working capital needs
Outcomes Achieved
- The Company was able to close its investment round at an increased pace, with the existing terms set forth within its original term sheet
- Provided the transparency needed for the CEO and Board to see an accurate financial state of the Company
- Provided key considerations towards increased revenue and profitability
- Developed a successful relationship leading into follow-up on corporate development and commercialization support