将客户获取费用视为可预测的、类似资产的投资,通过有结构的、基于收入的融资而非股权融资为其提供资金。
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.
将客户获取费用视为可预测的、类似资产的投资,通过有结构的、基于收入的融资而非股权融资为其提供资金。
释放股权资本,用于产品开发、研发和创新等重要活动。
允许企业保持积极的增长策略,而不受短期EBITDA目标的约束,从而驱动更高的长期股权价值。
Uses EBITCAC, a metric reflecting genuine cash generation capabilities after CAC returns, demonstrating the true growth and profitability profile of a company.