News

Venture Forward Capital Launches Function to Bring CFO-Level Financial Leadership to Early-Stage Startups

Mike Schatzman
May 13, 2025
5 min read

May 2025 — Venture Forward Capital (VFC) is proud to announce the official launch of Function, a co-founded financial services firm designed to deliver embedded CFO services, bookkeeping, and tax strategy to high-growth startups. Originally incubated within VFC, Function now launches as a standalone company—built to provide the kind of hands-on financial leadership every founder needs to scale.

“Function is the strategic partner I wish we had in our earliest ventures,” said Mike Schatzman, Founder and Managing Partner of Venture Forward Capital. “This isn’t a bolt-on service or outsourced bookkeeping. It’s embedded, operator-level support designed to drive outcomes. We built Function to bring financial clarity and precision into every company we back—and now, we’re offering that edge to the broader market.”

Born out of Venture Forward’s own operational experience and pattern recognition across its portfolio, Function addresses a persistent gap: the lack of real financial infrastructure at the earliest and most pivotal stages of company growth. Too often, founders make critical decisions with partial data, lagging reports, or models that don’t reflect the complexity of their business. Function changes that.

Led by seasoned financial operator & CPA Josh Yelen, Function’s team brings experience from IPOs, capital raises exceeding $6 billion, and deep vertical expertise across SaaS, biotech, climate tech, fintech, healthcare, life sciences, and services.

“Function isn’t just about getting the books done—it’s about building a financial engine that actually drives the business,” said Josh Yelen, CEO of Function. “We embed directly into your team, align with your strategy, and operate like an internal CFO would. Founders deserve that level of partnership from day one.”

Function continues to serve as a core resource for VFC portfolio companies—offering exclusive access, discounted rates, and strategic alignment with fund reporting needs.

“Function helped us rebuild our financial systems from the ground up and gave us the clarity to plan our next raise with confidence,” said Samantha Alexander, CEO & Founder of The Food Health Company (Formerly Bitewell). “It’s rare to find a financial partner who truly understands the startup mindset—they do.”

As VFC continues to raise its next fund, this announcement reinforces its differentiated approach: pairing capital with hands-on value creation. Function is a clear reflection of that philosophy—building the infrastructure startups need to succeed, not just backing them with dollars.

About Venture Forward Capital
Venture Forward Capital is led by partners who’ve built and guided high-performing teams across diverse industries. More than investors, we’re entrepreneurs who have launched and successfully exited companies. We focus on early-stage investments, backing visionary founders with AI-driven solutions—whether they’re repeat entrepreneurs with successful exits or first-time founders with proven startup success. Let’s venture forward together.

About Function
Function delivers Bookkeeping, CFO guidance, and Tax Strategy—built to help founders raise capital, navigate complexity, and make better decisions, faster. It’s not about reports. It’s about building a system that works as one—providing clarity, control, and results. Built for founders who expect more. Finally, finances that function as one.

www.onefunction.com