Challenge
A high-growth biotech start-up required immediate executive financial oversight to manage a year-end close while simultaneously preparing for an annual audit and potential capital raise.
Approach
Scimitar deployed Interim CFO to lead organizational design for the finance team, formalize internal controls, and budget planning for multi-site expansion. In addition, Scimitar provided strategic financial support for partnership and fundraising discussions, and engagement with the Board of Directors.
Impact
Established a scalable financial foundation by institutionalizing a forward-looking budgeting process and enhancing corporate governance frameworks. This strategic oversight ensured audit readiness, mitigated operational risk through comprehensive contract and insurance reviews, and provided the financial transparency necessary to secure investor confidence during fundraising activities.
