It’s simple: Growth-stage companies need capital to fuel their ambitions. The not-so-simple part, of course, is securing that capital. And it’s largely up to the CFO to determine the best timing to raise funding, which sources to tap, and how to tailor their message to investors. As Mark O’Connor, CFO of Cloudsmith, explained to CFO Brew, the finance chief has to “marry [an organization’s] cash needs with the market dynamics” and determine a good time to raise capital and who to raise it from. Private funding sources are robust enough that “companies no longer need to be in the public markets to access capital like they once did,” Ro Sokhi, a partner at UHY, recently told CFO Brew. Terawatt Infrastructure, a builder of autonomous vehicle charging infrastructure, plans to raise lots of capital in the near term to meet ambitious growth objectives. Sujoy Haldar, Terawatt’s CFO, told us the company will invest “$3 billion to $5 billion over the next few years.” The company recently secured $300 million in debt financing. Acquiring real estate and developing charging infrastructure for its customers “will take a lot of capital,” he said. That’s why “introducing Terawatt to the investor base…both on the debt side and the equity side” is a high priority for Haldar. But the areas of fundraising success are very specific; keep reading here.—AZ |