Emerging tech powerhouse in the marine industry with a focus on IOT facing the challenges of growth, partnered with GrowthLab to navigate the journey.
Challenge:
Industry:
Lifecycle:
When GrowthLab started working with the founder this 6-year old company, he was surrounded by a small, technical team. They were very much in “startup mode” and, like many others, had not yet articulated a management framework. The team was in the midst of releasing a new generation of the product and were moving quickly in anticipation of a rapid growth. The company’s product includes hardware and a recurring monthly monitoring services connected to an app to provide an end-to-end customer solution.
The company was challenged with the following:
GrowthLab was up for the challenge of helping them navigate their growth from a startup to an emerging growth enterprise. GrowthLab was brought in for our Finance-as-a-Service program, as well as our Strategy-as-a-Service. A centerpiece of all our conversations was management framework. We partnered with the founding team to establish a management framework to help:
Our team and services were tailored to provide value with GrowthLab’s fixed price monthly recurring service, that scales as you grow.
Our work has helped establish a management framework led by dedicated functional leads, allowing the founder and CEO to work on the business, not in the business.
Today, the founder spends his time focused on raising capital, currently the Series B Round, and developing Blue Sky opportunities. Through the interconnected accounting, finance, and strategy services we provide, GrowthLab acts as a full-service extension of their executive management team. The company currently remains the leader in its market and is poised to capture adjacent markets.
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice.
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