Medical Device / HealthTech
Board-Ready in Weeks: Medical Device Startup Raises $15M Series A
How a Medical Device Startup Raised $15M and Accelerated Growth With Financial Clarity
When a fast-growing medical device company neared FDA approval and prepared for its Series A funding round, they hit a wall. Their existing financial systems couldn’t keep up with the precision and transparency investors demanded — and time was running out. They needed more than just reports. They needed clarity, speed, and confidence to move forward.
“We knew we had something powerful — but our financials were holding us back. Investors wanted details we couldn’t quickly provide. That’s when we turned to Adea Company.”
The Roadblocks
Financial reports lacked the detail needed to impress investors
Manual cash burn analysis slowed strategic decisions
ASC-730 compliance was time-consuming and error-prone
The Fix
Adea Company stepped in to overhaul the company’s financial foundation — fast.
Built automated cash flow projection models for better planning
Implemented GAAP-aligned reporting systems that impressed investors
Streamlined ASC-730 tracking for full compliance with less effort
The Results
✅ $15M raised in Series A
✅ Monthly close process 40% faster
✅ Full ASC-730 compliance achieved
“Once we had the right tools and insights in place, everything changed. We weren’t just compliant — we were confident.”
This partnership didn’t just unlock funding — it gave the startup the clarity and structure needed to scale with confidence. And that made all the difference.
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