However, they are not consultants because they take an active leadership or management role in the company that hires them, implementing changes and leading the organization just as their permanent counterpart would.
The advantage of hiring such leaders is the ability to have access to highly skilled experts while removing the cost burden of a full-time headcount.
In 2022, A-team announced that it had raised $60 million in funding[5] from a group of investors led by Tiger Global and including Jay-Z's Marcy Venture Partners, indicating that the fractional executive model is gaining recognition as a legitimate and valuable approach to business leadership.
The fractional executive model is expected to continue growing in popularity as companies seek to optimize their resources and bring in specialized expertise on a flexible basis.
With the support of major investors and the emergence of global communities, fractional executives are set to play an increasingly important role in the business world in the years to come.