Financial expertise
for both sides of the table.

For founders Build your scope · 2 min
For investors Discuss a deal
Gaetan Brillaud Managing Partner
Pick your side of the table
For founders

You're raising.
We're the CFO team behind the round.

Fractional CFO plus fundraising advisory, run by the same senior team. Seed, Series A, Series B. Build a personal Scope of Work in 2 minutes — no email gate, real PDF out.

  • Monthly cockpit: budget, cash, KPIs that matter
  • Pro-forma cap table and dilution scenarios
  • Fundraising package: model, data room, narrative
Build your scope · 2 min
For funds

You're investing.
We run the buy-side FDD.

SaaS, fintech, AI, marketplaces, deep tech, climate tech. Independent. No implementation upsell.

  • Red flag review · 2 to 3 days
  • Rapid screening · 5 days
  • Full buy-side FDD · 3 to 5 weeks
Request a scoping call
Trusted by founders and funds we've worked with
Ki3 Photonics
Lyrata
QVStudio
Qubic
Quminex
SilQ Connect
Fractal, in four numbers
30+
Tech deals reviewed on the buy side since 2019.
7 yrs
Operator experience before advisory. CFO, not consultant.
0%
Success-based fee on FDD. Fixed price, fixed scope, fixed report.
48h
Maximum turnaround on a red-flag review for a live deal.
How it works · your first week with us

Five days.
CFO-grade, from day one.

A senior team plugs into your books, your cap table, your pipe. By Friday you have a live cockpit, a defensible model, and the narrative to walk into an investor room.

Built for founders preparing a Seed → Series B round.
For founders Fractional CFO + fundraising “Can we raise it? At what terms?”
Day 01 · Scope

30-min diagnostic

Access to your books and cap table. Founding hypotheses named out loud, not assumed.

Day 02 · Read

Live KPI cockpit

ARR, NRR, burn multiple, runway. Sourced from your ledger, not retyped into a deck.

Day 03–04 · Decide

3-statement model

Driver-based, monthly, 3 years. Plugged to actuals. Scenarios you can defend line by line.

Day 05 · Deliver

Round package

Board memo, round positioning, data room. What lands in the inbox of the next partner meeting.

Resources · free. no email gate.

What we built
for our own work.

SaaS budget & projections

3-statement model, monthly, 3 years. Drivers by segment.

Excel

Pro-forma cap table

Round-by-round dilution, option pool refresh, exit waterfall.

Excel

SaaS FDD checklist

40 points we run through on a full buy-side mandate.

PDF

ARR vs revenue: the five traps

Where ARR diverges from GAAP, and why it matters on a deal.

Web · 8 min
Browse all resources
Method

Three principles.
No compromise on any of them.

Independence.

Fixed fees. No success-based compensation on FDD. No implementation upsell. We tell you what we see.

Tech-native.

SaaS or deep tech, same rigor. We read the vocabulary of each side, not a generic template.

Operator and advisor.

We sit as CFOs in operating companies. We read a file the way a CFO reads it. Because we are CFOs.

All six principles
Tools we speak · natively

No translation
between your stack and ours.

We read straight from the source. APIs, exports, raw ledgers. Same language we wrote as operators.

Plus whatever else sits in your stack. If it has an API, we've read it.
Fractal

Built by an operator
who advises.

Tech founders and tech investors both need advisors who read numbers the way operators do. Generalist firms don't. Pure advisory firms don't either. They've never closed a month. Fractal was built to sit on both sides.

About Fractal
Gaetan Brillaud
Founder · Managing Partner
Numbers don't have a voice. Only an agenda behind them does.

Ready to talk?

Build your scope · 2 min Investor? Book a scoping call →