Caruso Raises $11.2M Series A

Caruso, an AI-native registry and fund administration platform for private markets, has closed $11.2 million in Series A funding, achieving a valuation of nearly $100 million.

Investors

The round was led by Icehouse Ventures and GD1, with participation from Balmain. All three firms are existing investors in the company.

Caruso Use of Funds

Caruso plans to use the new capital to triple its investment in AI across its software and services suite. The company also intends to hire for its engineering team to accelerate product development and expand its fund administration team, specifically in fund accounting, registry, and investor services.

About Caruso

Founded by Mark Hurley and Ollie, Caruso is an AI-native financial technology company that provides registry and fund administration software and services for private market fund managers. Its platform combines investor management, fund accounting, compliance, capital raising, and investor communications in one system, using AI agents to automate administrative workflows, improve operational efficiency, and enhance the investor experience.

Funding Details

Company Website: https://getcaruso.com

Company: Caruso
Raised: $11.2M
Round: Series A
Funding Date: April 15, 2026
Lead Investor: Icehouse Ventures, GD1
Additional Investors: Balmain
Company Website: https://www.getcaruso.com
Software Category: FinTech
Source: https://www.getcaruso.com/resources/blog/caruso-series-a-2026