Castor

Website: http://www.castoredc.com

Sector: MedTech / SaaS

HQ: Amsterdam

Founded: 2012

“Ferdinand’s flexibility, eagerness to understand the business and prior VC experience make him a valuable asset for any fast growing company looking to improve their finance.”

Rob Konterman (COO) at Castor EDC

About

Castor EDC (“Castor”) is a cloud-based Electronic Data Capture platform that enables every researcher worldwide to easily capture high quality, reusable data. Through revolutionizing data capture, we aim to improve medical research and help find cures for disease faster.

Challenge

Castor was looking for someone who could improve their financial architecture from 1.0 to 2.0, while at the same time get them investment ready

Solutions

Alphastride has helped Castor in various ways, we have implemented several systems which allowed for automated invoice processing. Furthermore, we have looked critically at the General Ledger structure and identified limitations of the current structure and proposed a new, more solid structure. We also have helped with creating complex and sophisticated financial models for strategy, cash-flow forecast, and many more. Also, we have advised in many aspects of the investment trajectory with investors

Results

Thanks to a lot of work done by Alphastride, Castor achieved the following:

  • Managed to successfully raise $6.3M with investors

  • Great management insights and KPI reports that can be easily shared with (external) shareholders

  • On the back of the investment ready to grow the business to the next level and keep growing at an exponential rate