Startup clients raised more than $3 billion in challenging 2023 market
SAN FRANCISCO, Feb. 14, 2024 /PRNewswire-PRWeb/ -- Burkland, a full-service fractional CFO, HR, accounting, and tax provider, today announces its startup clients secured $3.2 billion in funds in 2023. Providing founders with full-service fractional expertise, Burkland serves more than 750 venture-backed startups throughout the United States, helping startups start smart to scale fast.
"Our clients had a successful fundraising year, and with the market challenges in 2023, their results are even more impressive" said Jeff Burkland, CEO and Founder. "Not only did many of the startups Burkland works with continue to grow, they thrived in yet another tough market. With early data showing U.S. VC funding fell by about 37% last year over the previous, having a sound financial strategy can still lead to success even when the environment isn't as favorable," Burkland added.
Founders face significant obstacles during the first few years of launching and scaling their startup. Having support services in place from the beginning, such as CFO strategy, bookkeeping, tax advice, and People Operations helps founders focus where they need to—on building their product, team, and business.
"Our Burkland CFO was a true partner to me and the business," said Bob Kruse, Revelstoke CEO & Founder. "As a cofounder and CEO, this is a crucial dynamic to fully understand the state and health of the business plus instill confidence in my board and with my investors. Our CFO was instrumental as we scaled and throughout our complex acquisition."
A smart foundation is critical for companies of all sizes, yet having the right systems in place early is even more essential for a startup. In addition to helping secure funding, using strategic support services enables scalability. Intelligent systems make it possible for founders to seize emerging opportunities and pivot as needed, particularly when economic conditions are uncertain.
Burkland experts work with startups across a spectrum of industries, including SaaS, Healthcare, Consumer, Cleantech, and Fintech, focusing on helping founders succeed. For more information, founders should read "The Smarter Startup" blog, listen to the "Startup Success" podcast, and learn more about fractional services and offerings.
About Burkland
Burkland is a full-service fractional CFO, Accountancy, Tax, and HR provider, serving approximately 750 venture-backed startups across the United States. SaaS, Healthcare, Fintech, Cleantech, and Consumer startups rely on Burkland for smarter finance, accounting, People Operations, and tax guidance to grow with confidence. As a leader in market share in the industry, we pride ourselves on giving startups expertise that makes economic sense for all growth stages, ranging from Pre-Seed to Series C. Our on-demand CFOs, Accountants, People Partners, and Tax Experts give strategic guidance to ease a company's growing pains and provide insight to scale. Learn more at https://burklandassociates.com.
For media inquiries or further information, please visit Burkland's press page or contact Julie Fogerson at [email protected].
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