Client background
Founded in 2016, TechVenture Holdings grew rapidly to $85M ARR but lacked the financial infrastructure and governance needed for public markets. Leadership recognized the need for external expertise to ensure successful transition.
Challenge
Key challenges included: complex revenue recognition requiring ASC 606 compliance, inadequate financial reporting systems, lack of investor relations capabilities, and need for board-level governance frameworks.
Solution
Comprehensive financial due diligence and gap analysis
Revenue recognition and accounting policy optimization
Financial reporting infrastructure modernization
Investor relations strategy development
Implementation process
Assessment & Planning
3 months- Financial systems audit and gap analysis
- Accounting policy review and optimization
- IPO readiness assessment
- Timeline and milestone development
- Team capability assessment
Infrastructure Build
6 months- ERP system implementation
- Financial reporting automation
- Internal controls framework
- Audit preparation and coordination
- Board reporting development
IPO Execution
9 months- S-1 preparation support
- Investor presentation development
- Roadshow preparation
- Underwriter coordination
- Post-IPO transition planning
Outcomes
Financial Performance
Achieved significant operational improvements and successful market listing
Annual Operating Costs
$32M → $19M
+40%
Financial Close Time
25 days → 8 days
+68%
Audit Adjustments
15+ → 0
+100%
Market Success
Successful IPO with strong market reception
IPO Valuation
Target $800M → $1.2B
+50%
First Day Performance
N/A → +28%
+Strong
Institutional Coverage
0 → 12 analysts
+New
“Their strategic guidance was instrumental in our successful IPO. They transformed our financial operations and positioned us perfectly for public markets.”
Michael Chen
CFO, TechVenture Holdings