A runway that is calculated –
the same way in every portfolio company.
We build the finance function in your holdings that the next investor will scrutinise: consistent definitions for ARR, burn and runway, an integrated model and a data room that is not created only once the process starts. As CFO as a Service from Series A onwards, as interim CFO during a vacancy.
In brief
nugrow supports venture-capital investors and their portfolio companies with CFO services: solid finance structures in the start-up and growth phase, bookkeeping and controlling, investor reporting, financial models for the next round and due diligence ahead of new investments. Ongoing as part-time CFO as a service, fixed-term as interim management.
Triggers: build-up after seed or Series A, scaling, preparing the next funding round, due diligence
Models: CFO as a service as a monthly retainer (market range €2,500–15,000) or interim CFO by day rate
Services: financial planning and modelling, investor reporting, bookkeeping and controlling, finance tools
Track record: over 200 projects since 2019; sister brand DerStartupCFO with pitch-deck database and investor directory
Over 200 projects successfully delivered.
Quantifiable successes for
CFO as a Service
Our mandates are predominantly in B2B software companies with 30 to 500 employees under VC or PE ownership – from Series A through to exit preparation.
Situations for Finance as a Service
Our Know How
Across more than 200 projects we have come to know the common finance tools in practice – from bookkeeping and controlling through to reporting.
One reporting standard for the entire portfolio?
Our Partners & Collaborations
Carefully selected to create synergies that provide real added value to our customers. We work hand in hand with leading experts and organizations to ensure innovative solutions and exceptional service.
Finance as a Service process
Initial assessment & needs analysis
First we carry out a thorough analysis to understand the specific financial requirements and challenges of your portfolio companies. This assessment allows us to develop tailored financial services that fit the needs of each company precisely.
Implementation & integration
Following the needs analysis, we employ specialized finance teams that work closely with the internal teams of the portfolio companies. We integrate advanced financial software and systems to streamline data management and reporting and simplify financial governance.
Ongoing support & optimization
We provide continuous support and regular assessments to monitor and further optimize financial operations. Our experts are ready to respond to changes in the business environment and make strategic adjustments that contribute to increasing the value of portfolio companies.
What makes finance different in a venture capital context
Comparability across the portfolio
As long as every portfolio company uses its own definitions, portfolio figures cannot be aggregated. Consistent definitions for revenue, recurring revenue, burn and runway, plus a shared reporting format, are the precondition for a fund being able to compare its holdings at all.
Runway is a management metric
The question of how many months the funds will last must be answerable at any time – in the base case and in a conservative scenario. That includes how much growth each euro deployed generates. Both figures determine the timing of the next round and the negotiating position from which it is run.
Preparing for the next round
A cap table, dilution calculation, an integrated financial model and a data room that stands up to scrutiny are not created in four weeks. Portfolio companies that maintain these documents continuously shorten their funding processes considerably – and avoid valuation discounts that arise purely from a lack of verifiable evidence.
Typical starting points across the portfolio
Every company reports differently
Different definitions for the same terms make aggregation impossible. A binding reporting template solves this with little effort.
The runway is an estimate, not a calculation
Without a link between headcount planning, contract position and liquidity, you get a number that shifts every month. An integrated model makes it reliable.
The data room is only built under time pressure
When documents are only pulled together once the process is running, it costs weeks and negotiating position. Ongoing maintenance is far cheaper than reconstruction.
FAQ
Do you have questions?
We have answers. In our FAQ section you will find comprehensive information and guidance on the most common concerns, so that you get the support you need quickly and easily.
Key terms in startup finance
The most important terms around financial leadership in VC-backed companies, explained briefly and precisely in our finance glossary.