Investment readiness for sustainable forage.
ready before talking to investors: financial model, investment narrative and capital structure.
The mandate
Bakal needed to put its numbers, its narrative and its capital structure in order before opening conversations with investors.
Context
Bakal develops sustainable forage and was preparing to talk with investors.
The goal was for every piece to hold up under an investment committee review: the numbers, the thesis and the corporate structure.
| Client | Bakal |
| Sector | AgrifoodTech · sustainable forage |
| Services | |
| Status | Completed mandate |
The challenge
What needed to be solved.
Financial fundamentals
The model and the unit economics had to explain the business with the clarity an investor expects.
An investment narrative
The product story had to become an investment thesis.
House in order
Cap table and data room ready before the first meeting.
How we did it
Step by step, with deliverables.
Diagnosis
We reviewed the company the way an investment committee would.
Financial preparation
We worked on the financial model and the unit economics.
Narrative and materials
We built the investment narrative and the investor materials.
Capital and investor relations
We reviewed the capital structure and the data room, and opened conversations with angels, family offices and funds aligned with the business model.
Results
What changed.
Financial model
Unit economics and projections that explain the business to a committee.
Investment narrative
The product story turned into a thesis, with materials for investors.
Capital structure
Cap table and data room reviewed before the first meeting.
Lessons
What we take away from this case.
Make the first meeting lead to a second
Arriving with solid fundamentals changes the kind of questions an investor asks.
Prepare before you reach out
Investor outreach pays off more when the company has already resolved what a due diligence will review.
Schedule a conversation
Let’s talk.
In 30 minutes we understand your needs and tell you honestly whether we can help.