Founded in 2022 by Ollie Shaw and Mark Hurley, Caruso provides fund administration and registry services through an AI-native system that handles accounting, investor onboarding and communications. The platform reports $80B in assets under administration across 80 fund managers. Caruso is focused on product development and expanding its AI capabilities to manage fund operations. Following the recent raise, the company plans to move its headquarters from Auckland to Sydney. The business completed a $9.3M funding round that valued it at $80M. The new capital is intended to accelerate its product roadmap and AI expansion.

Total raised

$12M

Funding rounds

3

Latest round

Series A

Latest activity

Apr 2026