Case Study: TechShop scales national expansion with Early Growth Financial Services

TechShop - Customer Case Study

TechShop, a membership-based DIY workshop and fabrication studio, faced the challenge of scaling its financial operations to support a national expansion. Their senior management team lacked the core competency in finance and their initial part-time provider was insufficient. They needed a partner with startup expertise to handle tactical accounting and provide credible financial data for strategic decisions, leading them to partner with Early Growth Financial Services for outsourced financial management.

Early Growth Financial Services implemented a comprehensive solution, beginning with day-to-day accounting and financial reporting. Their role quickly expanded to include sophisticated financial modeling, cash flow management, and strategic support for major deals and fundraising. This partnership was critical to TechShop's success, enabling a capital raise from AutoDesk and an international licensing deal. As a result, TechShop's revenue grew from an $800,000 run rate to $12 million, and the company was named one of the fastest-growing in the country by Inc. Magazine.

TechShop

Mark Hatch

CEO