About us 
The Customer Value Finance (CVF) Fund is a specialized financing entity designed for series A and series B startups. We provide non-collateralised financing. We focuse specifically on optimizing 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. 
 
What CVF Fund Offers: 
/01 
Structured CAC Financing 
Treats customer acquisition expenses as predictable, asset-like investments, funding them through structured, revenue-based financing separate from equity 
 
/02 
Capital Efficiency 
Frees up equity capital for essential activities like product development, R&D, and innovation 
 
/03 
Long-Term Value Creation 
Allows businesses to maintain aggressive growth strategies without being constrained by short-term EBITDA targets, thus driving higher long-term equity value 
 
/04 
Enhanced Profit Visibility 
Uses EBITCAC, a metric reflecting genuine cash generation capabilities after CAC returns, demonstrating the true growth and profitability profile of a company 
finanziamento senza garanzie 
https://cvffund.com/ 
 
 
Series B startup financing