What KPIs do investors expect for Series B/C rounds?

For Series B and C rounds, investors expect clear evidence of scalability and profitability. Key metrics include: Annual Recurring Revenue (ARR) and Monthly Recurring Revenue (MRR) with consistent growth (often 50–100% YoY for B rounds), Gross Margin typically above 60–70% for SaaS or tech businesses, Customer Acquisition Cost (CAC) compared to Lifetime Value (LTV) with an LTV:CAC ratio of 3:1 or better, Churn Rate below 5–10% for subscription models, Burn Multiple under 1.5 for efficient growth, and Path to Profitability with clear EBITDA improvement.

All-in-one funding agency in Belgium

Your complete partner for business funding.

Young man focused on work at a computer in a modern office.

Looking for funding without the headaches? Dups is your all-in-one partner for raising capital. We combine financial, legal, and governance expertise under one roof, so you can focus on growing your business.

Key elements

Many agencies claim to be all-in-one, but most stop at investor introductions. They do not handle the legal complexity that makes or breaks a deal. At dups, we go further. We combine financial strategy with legal expertise and governance under one roof. From shareholder agreements and term sheets to compliance and closing, we ensure your fundraising is secure, structured, and investor ready. Our mission is to help Belgian entrepreneurs, CFOs, and SME leaders raise funds. This is what truly makes us an all-in-one partner for ambitious startups and scaleups.

What is an all-in-one funding agency?

An all-in-one funding agency is more than a consultant. It is a sparring partner, a single point of contact for every aspect of your fundraising journey. At dups, we guide you through the entire process: strategy, investor targeting, negotiation, and closing. Unlike banks or brokers, we do not just introduce you to capital, we sit next to you, structure the deal, and make sure it gets done. Learn more about dups’ founder-focused approach.

How we help you secure the right funding solution

We cover every major funding scenario for ambitious entrepreneurs:‍

Equity & investment funding

Seed, Series A, or growth rounds, we help you design a compelling equity story and connect with Belgian and international investors who believe in your vision. From valuation to term sheet negotiation, we make sure your fundraising process is efficient and investor-ready.

Debt & alternative financing

Need leverage without diluting ownership? We prepare you to secure loans, mezzanine financing, or hybrid structures tailored to your business model.

Grants & non-dilutive capital

Access subsidies and grants to boost your growth without giving away equity. While we are not grant specialists, we integrate non-dilutive funding into your overall strategy through trusted partners, ensuring your fundraising plan is complete and investor-ready.

Strategic & CFO-level support

Investors expect clarity and control. We provide financial modelling, governance frameworks, and strategic advice that elevate your credibility. Whether it’s building a robust cap table or preparing board-level reporting, we make sure you meet the highest standards.

Who is eligible for funding?

Our services are designed for Belgian entrepreneurs leading startups or SMEs with ambitious growth plans. Whether you are raising your first round or financing a buyout, we tailor the approach to your stage and sector. You will benefit from legal and financial expertise.

How the funding process works at dups

Preparation: We start by preparing everything you need to make a strong impression. This includes financial modelling, valuation, governance checks, and investor-ready materials such as pitch decks. Our goal is to position your company for success before the first meeting.

First Meetings: We organise and manage initial investor meetings, ensuring you present a compelling equity story and answer tough questions with confidence. We brief you thoroughly and stay by your side during these critical conversations.

Negotiation: Once interest is confirmed, we lead negotiations to secure the best possible terms. From shareholder agreements to deal structuring, we handle the legal and financial complexity so you can focus on strategy and growth.

Closing: Execution brings the process to completion. Agreements are finalised: purchase, shareholder, and management contracts alongside warranties and fund transfers. Each document reflects the negotiated terms precisely, leading to a clean, confident closing and a seamless handover.

Why choose dups?

One Partner, All Solutions: At dups, you do not need to juggle multiple advisors. We combine legal, financial, and governance expertise under one roof, ensuring your funding process is complete and compliant. From valuation and cap table planning to shareholder agreements and investor negotiations, we handle every critical detail so you can focus on growth.

Investor Network: With a network of nearly one thousand investors across Belgium, Europe, and the US, we connect ambitious entrepreneurs to the right sources of capital. Whether you are raising a growth round or seeking strategic investors, we leverage our relationships to accelerate your deal and secure premium terms.

Hands-On Approach: We do not just advise from a distance. We sit next to you, prepare you for investor meetings, and lead negotiations under pressure. Our team stays accountable until the deal is signed, managing complexity and timelines so you can move fast without compromising quality.

Entrepreneur Focused: We think like you, not like a bank. Every recommendation is pragmatic, founder-focused, and tailored to your ambitions. Our goal is to protect your interests while maximising your valuation, because we understand what is at stake for entrepreneurs building the next big success story.

Typically, companies eligible for Seed or Series A funding have a validated business model, initial traction, and a clear growth plan. Investors look for strong market potential, a scalable product or service, and a committed team. At dups, we focus on ambitious Belgian entrepreneurs raising significant rounds. Our boutique approach means we only take on full deal execution for funding rounds starting at a minimum of €2 million. We help you structure the round, prepare investor-ready materials, and connect you with Belgian and international investors who fit your vision.

For Series B and C rounds, investors expect clear evidence of scalability and profitability. Key metrics include:

Annual Recurring Revenue (ARR) and Monthly Recurring Revenue (MRR) with consistent growth (often 50–100% YoY for B rounds).
Gross Margin typically above 60–70% for SaaS or tech businesses.
Customer Acquisition Cost (CAC) compared to Lifetime Value (LTV), ideally an LTV:CAC ratio of 3:1 or better.
Churn Rate below 5–10% for subscription models.
Burn Multiple (net burn divided by net new ARR) under 1.5 for efficient growth.
Path to Profitability with clear EBITDA improvement.

By refining your equity story, preparing financials, and leveraging a curated investor network. We shorten timelines and increase closing rates through hands-on deal execution.

No, a funding agency focuses on fundraising for growth rounds. An M&A boutique is usually the advisor in case of an exit or an acquisition. Dups is both and can help by structuring and cleaning financials, structuring earn-outs, and positioning your company to attract premium buyers. We negotiate terms that protect your interests.

By preparing investor documentation, financial models, and governance frameworks. We act as an extension of your finance team under tight deadlines.

When speed, accuracy, and investor confidence are critical. Outsourcing ensures professional-grade materials and frees your team for strategic tasks.

Through rigorous screening, financial analysis, and strategic alignment. Investors trust agencies that deliver vetted, investment-ready opportunities.

Because it saves time and reduces risk. Advisories like Dups ensure deals meet financial, legal, and governance standards before reaching investors.