Finance that survivesthe board meetingand the next raise.
Northcap embeds fractional CFOs and finance teams into venture-backed startups. We own runway, the model, board reporting, and fundraising readiness, so founders can answer any number a partner asks without flinching.
$420M+
Capital raised by clients
60+
Funded startups served
9.1mo
Median runway extended
The finance function, run by people who have raised before.
Not bookkeeping cleanup. We own the strategic surface area a board and a lead investor actually pressure-test: modeled, defensible, and ready before you need it.
Runway & cash
A live 13-week cash model and a driver-based runway forecast you trust enough to make headcount and spend calls against.
13-week cash · Burn multiple · Scenario runway
The financial model
A single operating model covering bottoms-up revenue, hiring plan, and unit economics, that becomes the source of truth for the team and the data room.
Operating model · Unit economics · Hiring plan
Board reporting
Board decks and a metrics package that tell a clean story: plan vs. actuals, the bridge, and the three numbers that actually moved.
Board deck · KPI pack · Plan vs. actuals
Fundraising readiness
Data room, raise model, and the diligence narrative, so when the term sheet conversation starts you are days from yes, not weeks.
Data room · Raise model · Diligence prep
KPIs & dashboards
The metric layer wired to your stack: ARR, NRR, CAC payback, and magic number, reported weekly rather than reconstructed quarterly.
ARR · NRR · CAC payback · Magic number
Controls & close
A monthly close that lands in days, clean accounting, and the controls a Series B diligence team expects to find already in place.
Monthly close · Controls · Audit-ready
Embedded, fractional, and accountable to the same numbers you are.
A senior CFO leads, supported by an analyst pod. We plug into your tools and cadence, not a deck of recommendations you have to implement yourself.
Diagnostic
Weeks 1–2
We rebuild your model, true up the numbers, and surface the runway and reporting gaps a board would catch first. You get the read either way.
Stand up
Weeks 3–4
Live runway model, KPI dashboard, and your first board-grade package shipped. The finance function is operating, not planned.
Run
Monthly
A fractional CFO in your cadence: weekly cash, monthly close and board prep, and a partner on call for the spend decisions that move runway.
Raise
On demand
When you raise, we run the model, the data room, and the diligence, sitting beside you in the investor conversations that hinge on a number.
Monthly retainer. No equity. 30-day exit. We bring the analyst pod and the tooling.
The numbers we are hired to move.
Aggregated across the Northcap portfolio. Strategic finance is judged on runway, raises closed, and the quality of the story behind them.
Capital raised
Across seed through Series B rounds we modeled and prepped.
Median runway extended
From the first model rebuild, before any new capital.
Burn-multiple improvement
Median, within two quarters of a Northcap engagement.
Monthly close
Median time to a clean, board-ready close.
Rounds closed
Priced rounds and bridges led from the finance seat in 2025.
Startups served
Venture-backed, seed to Series B, across fintech, SaaS, and health.
Operators who have sat in the CFO seat, and raised from it.
Every engagement is led by a partner who has owned a startup's numbers through a real raise, not a consultant who has only advised on one.
Dana Okonkwo
Managing Partner
ex-CFO, two venture-backed SaaS exits
CPA · MBA, Wharton · 15 yrs startup finance
Marcus Vela
Partner, Fundraising
ex-VP Finance · led $90M across 3 rounds
ex-Goldman TMT · CFA · 12 yrs operating
Priya Anand
Partner, FP&A
ex-Head of Finance, marketplace at scale
Driver-based modeling · unit economics · 11 yrs
Theo Reinhardt
Partner, Controls
ex-Controller · 4 Series B+ diligence cycles
CPA · close, controls & audit readiness
Engagements, in numbers.
Series A · Fintech
$24M
Series A closed
A 22-person fintech with a board losing confidence in a spreadsheet model nobody could defend in diligence.
Rebuilt the operating model bottoms-up, stood up a clean data room, and ran the raise from the finance seat.
Seed → Series A · SaaS
+11mo
Runway extended
A seed-stage SaaS company burning fast with no view of cash beyond the next quarter.
Installed a 13-week cash model, re-sequenced hiring, and cut burn multiple without touching growth.
Series B · Health
$48M
Series B led
A health startup with strong metrics buried in reporting no investor could parse quickly.
Built the board KPI pack and raise narrative, then quarterbacked diligence across two competing term sheets.
Built for funded founders past the spreadsheet, not for everyone.
You qualify if
Venture-backed, seed–Series B
You've raised and have a board that expects real financials, not a founder's gut feel.
Scaling past the spreadsheet
Your model has outgrown the person maintaining it, and runway calls now carry real weight.
Raising in 6–12 months
You want to walk into the next round with a defensible model and a clean data room.
Not ready for a full-time CFO
You need senior finance judgment now, without a $300k+ hire and a six-month search.
Not the right call if
- Pre-revenue with no capital raised
- Looking only for bookkeeping or tax filing
- Want a one-off report, not an embedded partner
What founders say after the first quarter.
Repeat engagements across 3 rounds“For the first time I walked into a board meeting knowing every number on the slide would hold. Our lead said the model was the cleanest they'd diligenced all year.”
Sofia Reyes
Co-founder & CEO · Cohort (Series B)
“We were four months from zero and didn't fully know it. Northcap had a credible plan and a defensible raise model inside three weeks.”
Daniel Whitmore
Founder · Tessellate (Series A)
Tell us where the numbers are tight.
A 30-minute working call with a Northcap partner, not a sales rep. We'll read your stage, pressure-test the model, and tell you straight whether a fractional CFO is the right move right now.
- Senior partner, not a sales call
- An honest read on runway, model, and raise-readiness
- Scope and pricing on the call, no drawn-out proposal
Before the call.
How is this different from a bookkeeper or an accountant?
Bookkeeping records what happened; we own what happens next. Northcap runs the forward-looking finance function (runway, the model, board reporting, and fundraising) and can sit on top of whoever keeps your books.
Do you take equity?
No. Northcap is a monthly retainer engagement. You get senior finance leadership without diluting the cap table or committing to a full-time hire.
When should we bring in a fractional CFO?
Usually once you've raised and the model matters: a board to report to, runway decisions with real consequences, or a raise on the horizon. Earlier than a full-time CFO makes sense, later than a spreadsheet can carry you.
Will you actually be in our tools and meetings?
Yes. A partner joins your cadence (board prep, weekly cash, key spend calls) and works inside your accounting, billing, and data stack. This is embedded finance, not a slide deck of advice.
What happens on the strategy call?
Thirty minutes with a partner: we read your stage, look at your model and runway, and tell you plainly whether a fractional CFO is the right call. If it isn't, we'll say so.