Caruso, a New Zealand-based software solutions provider for private market fund management, has secured $3.2 million in strategic funding. 

Investors 

The round was led by Balmain, a broad-based, privately owned and operated financial services organization. Its activities span commercial mortgage finance (both arranging and lending) and investment funds management. 

Caruso Use of Funds 

The funding will drive Caruso’s expansion into Asia-Pacific and North America, solidifying its position as a leader in private market fund management. 

About Caruso 

Founded in 2023, Caruso focuses on simplifying and streamlining unit registry and fund administration for fund managers. Its platform integrates various operations into one seamless system, enabling fund managers to manage investor data, onboarding, compliance (AML/KYC), capital raising, distributions, and other critical tasks efficiently. Since its launch, Caruso has managed over $15 billion in assets across 400+ funds and 27,000+ investors. 

Funding Details 

Company: Caruso Software Limited 

Raised: $3.2M 

Round: Strategic 

Funding Month: December 2024 

Lead Investor: Balmain 

Additional Investors: 

Company Website: https://www.getcaruso.com/  

Software Category: Fund Management 

Source: https://www.getcaruso.com/resources/blog/balmain-invests-3m-in-caruso