# Caruso

> Caruso is an AI-native fund administration and registry platform for private markets, built to replace the spreadsheets, manual workflows and fragmented tools that fund managers have long relied on. Founded in 2023 and headquartered in Sydney with offices in Dallas and Auckland, Caruso unifies investor onboarding, capital raising, fund accounting, registry operations and investor reporting into a single system, offered as software, outsourced services, or a hybrid of both. More than 80 fund managers running 900+ funds and $55B+ in assets under administration use the platform, including enterprise clients such as Centuria Capital Group.

- **Founded:** 2023
- **Headquarters:** Sydney, Australia
- **Founders:** Mark Hurley (CEO & Co-Founder), Oliver Shaw (CTO & Co-Founder)
- **Team size:** ~43 employees (scaling toward 80+ across the US, Australia and New Zealand)
- **Products:** Software Platform, Fund Accounting, Registry Operations, Investor Services, Investor Portal
- **Notable:** Grew assets under administration roughly 10x in 12 months to $55B+ (some reports cite $80B)., Grew revenue 400% year over year., Reached 900+ funds and 80+ fund managers within ~3 years of founding.

## Products & services

- **Software Platform** — A unified system that centralizes investor and fund data across onboarding, compliance, CRM, capital raising and reporting, with API connectivity and no vendor lock-in.
- **Fund Accounting** — Automated NAV calculation, unit pricing, financial reporting and tax preparation for private funds.
- **Registry Operations** — Capital calls, distributions, tax statements and treasury services managed within the platform.
- **Investor Services** — Digital subscription documents, AML/KYC and biometric identity verification, and automated investor communications.
- **Investor Portal** — An LP-facing portal for statements, documents, distributions and transactions.
- **Outsourced Fund Administration** — Optional professional fund administration services, combining human fund accountants with AI agents, offered alongside or instead of the software.

## Achievements

- Grew assets under administration roughly 10x in 12 months to $55B+ (some reports cite $80B).
- Grew revenue 400% year over year.
- Reached 900+ funds and 80+ fund managers within ~3 years of founding.
- Closed a US$6.5M (NZ$9.3M) Series A at a $55M valuation in April 2026.
- Won enterprise client Centuria Capital Group.
- ISO 27001-certified security.

## Latest updates

- **2026-04** — Closed a US$6.5M (NZ$9.3M) Series A led by Icehouse Ventures and GD1, with Balmain participating, at a $55M valuation.
- **2026-04** — Reported assets under administration reaching $55B+ (10x growth) and 400% revenue growth.
- **2026-04** — Announced plans to expand product and AI-automation capabilities and add staff across the US, Australia and New Zealand.

## Links

- Website: https://www.getcaruso.com/
- LinkedIn: https://www.linkedin.com/company/getcaruso/
- Twitter/X: https://twitter.com/getcaruso

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Profile page: https://yespress.io/caruso
Published by YesPress — https://yespress.io
Last updated: 2026-07-22