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Fractional CFO
A CFO on site in two days
A well-funded agriculture startup was closing a Series A with four months of unclosed books and nobody running finance.
SectorAgri-business
ServiceFractional CFO
Commitment~2 days per week
Year2024
The situation
A U.S. agriculture startup was preparing to close its Series A. It had funding, momentum, and no CFO.
Four months of books sat unclosed. There were no current forecasts, no valuation work, and a data room that had not been read the way an investor would read it. A hire at that level takes months to run, and the round was not going to wait.
What we did
We were on site within two days, working roughly two days a week.
The backlog came first. We closed four months of books, then built the initial forecasts and valuation the round needed, and went through the data room looking for what an investor's diligence would land on.
Once the round closed we stayed on, running financial reporting, capital management, governance, compliance, and the finance hiring plan as the company scaled toward its next raise.
What changed
The company went into investor conversations with clean books, defensible numbers, and a data room that held up to scrutiny. It reached the next round with a finance function built for it rather than assembled during it.
The outcome
A Big Four-grade CFO at a fraction of the cost.The company got senior finance leadership for far less than a full-time equivalent would have cost, and behind that one person, access to an entire firm.
Why it matters
Early-stage companies rarely need a full-time CFO. They need CFO-level judgment at specific moments, and those moments tend to arrive with a deadline attached.
Hiring for that takes three months on a good run. Fractional leadership solves the timing problem, and the part that matters is who shows up, because a startup closing its first institutional round cannot afford to be someone's training ground.
Need a CFO before you can hire one?
Tell us where you are in the raise and what is unfinished. We will tell you what it takes to be ready.
