Caruso Raises A$3 Million in Seed Round

by Kay Aloha Villamor in December 4th, 2023

Caruso, a New Zealand-based funds management software startup, has raised AUD 3 million ($2.15 million) in seed funding.  

SaaS Investors  

The round was led by Icehouse Ventures, with participation from GD1, Chris Heaslip, founder of Pushpay, and the Rae family of Gull Oil.   

Icehouse Ventures is a New Zealand-based venture capital firm. The firm is headquartered in Auckland and mainly focuses on the technology industry. It exists to back the world's bravest Kiwi founders, launching global companies from New Zealand. The firm also operates a variety of angel group networks such as Ice Angels and Arc Angels.  

Caruso Use of Funds 

The company plans to use the funds to expand its team, accelerate new feature releases, and establish an office in Australia. 

About Caruso 

Founded in 2022 by Mark Hurley and Oliver Shaw, Caruso is a company that offers modern cloud software designed specifically for fund managers. Its platform of software and services helps fund managers delight their investors, raise capital, improve operating efficiency, and reduce risk. The company is on a mission to revolutionize the way investments are accessed, experienced, and managed.  

Funding Details                        

Company: Caruso Software Limited  

Raised: A$3.0M  

Round: Series B    

Funding Month: November 2023                                    

Lead Investors: Icehouse Ventures  

Additional Investors: GD1, Chris Heaslip, founder of Pushpay, and the Rae family of Gull Oil      

Company Website:   

Software Category: Funds Management Software  




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