Treats customer acquisition expenses as predictable, asset-like investments, funding them through structured, revenue-based financing separate from equity.
Series A/B · Cyprus HE 399323 · EU regulated
Financing SaaS startups without dilution
Structured CAC loans, the EBITCAC framework and up to 5-year terms. Accelerate growth without losing founder control.
0%dilution
3.7%p.a. interest
5up to 5 years
EUEU regulated
OFFER
What CVF Fund offers
The CVF Fund is a specialised financing entity designed for Series A and Series B startups. We provide non-collateralised financing. We focus specifically on optimising customer acquisition spending by treating Customer Acquisition Costs (CAC) as capital expenditures (CapEx), rather than operating expenses. The Fund introduces a financial metric called EBITCAC (EBITDA plus CAC), providing clearer visibility into true profitability and growth potential.
01
Structured CAC Financing02
Capital EfficiencyFrees up equity capital for essential activities like product development, R&D, and innovation.
03
Long-Term Value CreationAllows businesses to maintain aggressive growth strategies without being constrained by short-term EBITDA targets, thus driving higher long-term equity value.
04
Enhanced Profit VisibilityUses EBITCAC, a metric reflecting genuine cash generation capabilities after CAC returns, demonstrating the true growth and profitability profile of a company.
PROCESS
How does CVF financing work?
From application to funded account — 4 transparent steps
01
5 minutes
Application
Fill out the form with basic company data, revenue, and metrics
02
3 business days
Discovery
The CVF team analyses unit economics, CAC, churn and growth metrics
03
1 week
Term sheet
Receive offer with rate, schedule, terms and covenants
04
2 weeks
Funding
Sign agreements, complete KYC, funds wired to corporate account
DIFFERENCE
Why founders choose non-dilutive financing
A new type of financial instrument for a new type of company
01
Zero dilution
Keep full control. No board seats, no vesting cliffs, no preferred shares.
02
EBITCAC transparency
A metric that shows true cash flow after CAC payback. Investors see a clear growth profile.
03
Long-term value
Up to 5-year terms mean you are not constrained by short-term EBITDA targets and can build big stories.
FAQ
Frequently asked questions
Who qualifies for CVF financing?
SaaS companies at Series A or Series B stage with predictable cohort-based revenue and CAC payback under 24 months. Annual recurring revenue typically 2-50M USD.
How is CVF different from venture debt?
CVF treats customer acquisition cost as a capital expenditure financed separately from operating expenses. No warrants, no dilution, no covenants tied to runway. Repayment scales with revenue, not fixed monthly burdens.
What is EBITCAC and why does it matter?
EBITCAC equals EBITDA plus CAC. It reveals true cash generation capability before discretionary growth investment, similar to looking at a factory output before subtracting the cost of expanding the factory.
How fast is the approval process?
From application to funded account: 4 weeks total. Application form (5 minutes) → Discovery (3 business days) → Term sheet (1 week) → KYC and funding (2 weeks).
What rates and terms does CVF offer?
Indicative rate 3.7% p.a. with terms up to 5 years. Final rate depends on unit economics, cohort quality, and CAC payback velocity. Disclosed in detail at term-sheet stage.
REQUEST
Ready to talk?
Submit a request or send a message. We reply within 24 hours.