Case Studies

Thrive Growth Case Study

DRIVING SEED FUNDING FOR LEGALTECH

Thrive Growth your outsourced CFO (heade

Overview:

Debtech is a legaltech startup founded by city lawyer, Nihaal. Nihaal asked us to help him initially for a financial model and later regarding investment advice when investor negotiations were ongoing. 

Company: Debtech

Service: Investor-Readiness; financial modelling; investment advice

Industry: Legaltech

Stage: Seed

Approach:


We initially had a 2-hour call with Nihaal to understand the business plan and model. As the timeline available was short we set to work on a simple three statement financial model (P&L, balance sheet and cashflow forecast) plus unit economics metrics. We aimed to keep the model simple to allow Nihaal to amend the key assumptions himself. We were able to provide him with a working model within one week of starting the engagement. 

Outcomes:


Once the model was completed we had a call with Nihaal to walk him through the model. With a function model allowing him to see the outcome of changes to his revenues and profits he was able to  further amend his business plan and model. He decided to change how the pricing would work which actually simplified the proposition to customers. 

Later on in the process we supported Nihaal during various investor negotiations.

Conclusion:


Nihaal went on to raise £200k seed round with our help which was £50k oversubscribed.