Background

• VCs introduced Kirchner and Company to assist the company with reorganization
• Runway of about 6 months
• No traction building
• No success in go-to-market implementation

Activities

• Provided interim CEO
• Designed and pursued ‘B” round financing
• Restructured sales and marketing, including protocols
• Built an executive team
• Identified and negotiated strategic alliances

Results

• Able to bring to the table several VCs from our network, including some that had previously declined
• $2.2 million financing closed
• Strategic partnership discussions initiated with three industry-leading corporations
• Identified $400,000 in available tax credits
• Signed agreements with strategic partners