Rowan, a Chicago, IL–based AI-powered platform reimagining small business succession, has raised $3.3 million in Seed funding.
Investors
The round was led by DRW, with participation from Motivate Ventures, Mercury Fund, and angel investor Eddie Lou.
DRW is a privately held principal trading firm founded in 1992 and headquartered in Chicago. The firm specializes in deploying its own capital across global financial markets rather than managing external investor funds. DRW operates across a diverse set of asset classes, including equities, fixed income, currencies, commodities, and digital assets, leveraging both quantitative models and discretionary strategies.
Rowan Use of Funds
The company will use the funding to accelerate the development of AI-powered tools, expand expert-guided support, grow its team, and scale the platform.
About Rowan
Led by CEO Steven Glod, Rowan is an AI-driven platform designed to help small business owners navigate the complex process of selling and transitioning their businesses. It combines advanced AI systems with steady human guidance to transform owner-run companies into buyer-ready businesses. Through its proprietary platform and dedicated Guides, Rowan organizes financials, structures clean data, documents processes, strengthens cash flow, and connects aligned buyers and sellers.
Funding Details
Company: Rowan
Raised: $3.3M
Round: Seed
Funding Date: March 2026
Lead Investor: DRW
Additional Investors: Motivate Ventures, Mercury Fund, Eddie Lou
Company Website: https://trustrowan.com/
Software Category: AI Succession Infrastructure / Fintech / SMB Transition
Source: https://www.prnewswire.com/news-releases/rowan-raises-3-3m-in-seed-funding-to-modernize-small-business-succession-with-ai-302730088.html