# Series A Data Room Guide — Advisory Monks Consulting

> What financial documents investors expect in a Series A data room. A practical checklist for founders preparing to raise.

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# How to Build a Series A Data Room: The Financial Documents Investors Expect
SU
Shamik Ukil · Co-founder, Advisory Monks Consulting
January 2026
10 min read
Your pitch deck got you the first meeting. Now the VC wants to go deeper. A well-organized, complete data room accelerates due diligence from weeks to days — and signals to investors that you run a tight operation. Here's exactly what to include.

## Financial Statements (Last 2–3 Years + YTD)
- Monthly and annual P&L statements
- Balance sheets (monthly)
- Cash flow statements
- All statements should be GAAP-compliant and prepared by an accountant

## Financial Model & Projections
A 3-year financial model with monthly detail for Year 1, quarterly for Years 2–3. Include revenue model assumptions, unit economics, headcount plan, and burn rate. Investors will stress-test this — make sure your assumptions are defensible.

## Key Metrics Dashboard
- MRR / ARR growth (SaaS) or GMV / revenue (e-commerce)
- Customer Acquisition Cost (CAC) and payback period
- Lifetime Value (LTV) and LTV:CAC ratio
- Gross margin by product/segment
- Churn rate (monthly and annual)
- Burn rate and runway (months)

## Tax & Legal Compliance
- Last 2 years of filed tax returns (federal + state)
- IRS letters and notices (if any)
- Evidence of payroll tax compliance (941 filings)
- Cap table (fully diluted, including option pool)
- Certificate of Good Standing from state of incorporation

## Banking & Accounts
- Last 12 months of bank statements
- Current accounts payable and receivable aging
- Existing debt or credit facilities
Advisory Monks Consulting prepares Series A-ready financial packages as part of the Enterprise Plan Virtual CFO service. We've supported clients through multiple fundraises — from seed to Series B.

### Preparing to raise your Series A?
Our Virtual CFO team will get your data room investor-ready. Book a free call to discuss your timeline.
Book a Free CFO Consultation →

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Advisory Monks Consulting — white-label CAS production for US CPA firms, plus bookkeeping, payroll and US tax filings for businesses.
Contact: info@advisorymonks.io