About CFGI
CFGI is a company based in Boston (United States) founded in 2000 by Nick Nardone was acquired by The Carlyle Group in February 2018.. CFGI has raised $73.02 million across 3 funding rounds from investors including The Carlyle Group, CVC and Flexpoint Ford. The company has 18 employees as of December 31, 2023. CFGI has completed 2 acquisitions, including PAS Financial Advisory and Pine Hill. CFGI offers products and services including Technical Accounting, Tax Services, Valuation Services, and Forensic Accounting. CFGI operates in a competitive market with competitors including KPMG, Teneo, Cognizant, ZS and Prophet, among others.
- Headquarter Boston, United States
- Employees 18 as on 31 Dec, 2023
- Founders Nick Nardone
- Stage Unicorn
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$73.02 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
The Carlyle Group
& 2 more
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Employee Count
18
as on Dec 31, 2023
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Investments & Acquisitions
PAS Financial Advisory
& 1 more
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Acquired by
The Carlyle Group
(Feb 01, 2018)
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Products & Services of CFGI
CFGI offers a comprehensive portfolio of products and services, including Technical Accounting, Tax Services, Valuation Services, and Forensic Accounting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Advisory on complex accounting standards and issues.
Handling income tax compliance and advisory matters.
Assisting with business valuation and optimization.
Investigating financial discrepancies and risks.
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Funding Insights of CFGI
CFGI has successfully raised a total of $73.02M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series D - CFGI | Valuation |
investors |
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| Feb, 2018 | Amount | Series C - CFGI | Valuation |
investors |
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| Sep, 2014 | Amount | Series B - CFGI | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CFGI
CFGI has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include The Carlyle Group, CVC and Flexpoint Ford. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Mezzanine financing and equity investments are provided by CVC.
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Founded Year | Domain | Location | |
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Private equity firm focused on financial services and healthcare companies
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CFGI
CFGI has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include PAS Financial Advisory and Pine Hill. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of financial advisory services along the CFO agenda, with a focus on optimization and reporting
|
2014 | ||||
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Provider of financial & risk management technology solution
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - CFGI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cfgi Comparisons
Competitors of CFGI
CFGI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KPMG, Teneo, Cognizant, ZS and Prophet, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Audit, tax, accounting, strategy, and financial advisory services are provided.
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| domain | founded_year | HQ Location |
Business consulting, financial advisory, and crisis management services are provided.
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| domain | founded_year | HQ Location |
Provider of software development, cloud & data management, and IT consulting services
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| domain | founded_year | HQ Location |
Strategic and management consulting services are provided worldwide.
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| domain | founded_year | HQ Location |
Brand and marketing consulting solutions provider
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| domain | founded_year | HQ Location |
Audit, financial advisory, risk management, and tax services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cfgi
Frequently Asked Questions about CFGI
When was CFGI founded?
CFGI was founded in 2000 and raised its 1st funding round 14 years after it was founded.
Where is CFGI located?
CFGI is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of CFGI?
Nick Nardone is the current CEO of CFGI. They have also founded this company.
Is CFGI a funded company?
CFGI is a funded company, having raised a total of $73.02M across 3 funding rounds to date.
How many employees does CFGI have?
As of Dec 31, 2023, the latest employee count at CFGI is 18.
What does CFGI do?
CFGI was founded in 2000 and is based in Boston, United States. Operations focus on the accounting and business advisory sector, where technical accounting, capital markets, tax, valuation, ESG, transaction advisory, restructuring, cybersecurity, and technology solutions are delivered. Complex client problems are addressed through these services, free from auditor independence constraints. Leadership includes Co-Founder and Co-CEO Nick Nardone.
What products or services does CFGI offer?
CFGI offers Technical Accounting, Tax Services, Valuation Services, and Forensic Accounting.
How many acquisitions has CFGI made?
CFGI has made 2 acquisitions, including PAS Financial Advisory, and Pine Hill.
Who are CFGI's investors?
CFGI has 3 investors. Key investors include The Carlyle Group, CVC, and Flexpoint Ford.
What is CFGI's valuation?
The valuation of CFGI is $1.85B as of Sep 2021.
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