How a Med-Tech Startup Walked Into Its Seed Raise With an Investor-Ready Fundraising Pack

Investor-ready pack · driver-based 3-statement model + reconciled cap table + data room

A pre-seed med-tech company knew it needed to raise but had no coherent story for investors: a rough model, a messy cap table, and no data room. StartupCFO built a complete fundraising pack, a driver-based 3-statement model, a reconciled cap table, and a structured data room, so the team could open its seed process ready for diligence.

The Situation

Pre-seed med-tech company building a regulated hardware-plus-software product, with roughly 12 months of runway, preparing to raise a seed round.
Financial materials were scattered: a single-tab revenue guess, a founder-built cap table in a spreadsheet, and no narrative tying the plan to the numbers.
Med-tech investors expect more rigor than a typical software seed, including a credible path through regulatory milestones and the capital each milestone requires.
The team wanted to walk into investor meetings with a pack that answered the hard questions before they were asked.

What We Built

A driver-based 3-statement model (P&L, balance sheet, cash flow) tying headcount, regulatory milestones, and unit costs to a monthly cash forecast and runway.
A scenario layer (base, upside, downside) showing how the raise size and timing change the runway and the next-milestone date.
A reconciled cap table with existing SAFEs modeled to conversion, plus a pro-forma showing post-round ownership and dilution.
A structured data room: financials, the model, cap table, corporate and regulatory documents, and a one-page metrics summary for quick investor review.

The Outcome

The company opened its seed process with a complete, consistent fundraising pack instead of assembling materials mid-diligence.
Questions on runway, use of funds, and milestone timing were answered directly from the model rather than reconstructed each time.
The founders could speak to their numbers with confidence, since every figure in the deck traced back to the model and the data room.
StartupCFO stayed on through the raise to keep the model and data room current as the process moved.

Why It Worked

Med-tech raises live or die on the link between capital and regulatory milestones, and a driver-based model makes that link explicit.
A reconciled cap table and pro-forma prevent the ownership surprises that stall term-sheet negotiations.
Building the pack before the raise, not during diligence, turns finance from a bottleneck into an advantage.