Caruso: Ledger

Investor	Rounds	Invested
Balmain	Series A · Unnamed stage · Seed	-
Chris Heaslip	Seed	-
GD1	Series A · Seed	-
Gull Oil	Seed	-
Icehouse Ventures	Series A · Seed	-
the Rae family	Seed	-
the Rae family of Gull Oil	Seed	-

Company	Kind	Announced	Price	Sources
Caruso is not recorded as having acquired anything.

Name	Role	Sources
Mark Hurley	Co-founder and CEO	SmartCompany, Startup Daily (Wed 15 Apr 2026), Startup Daily (Wed 11 Dec 2024), Australian FinTech
Oliver Shaw	Founder	Startup Daily, Australian FinTech

Coverage

Stories naming Caruso. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

11 deals

Seven ANZ startups that raised $71.8 million this week

Weekly roundup covering seven raises across the Tasman: Phonely's Series A, Pay.com.au's private placement, and rounds for Atomic Tessellator, Caruso, Deteqt, Clean Slate Clinic and Earthletica, worth roughly $72 million combined.

Also crane.vc

3 deals

Kiwi fund administration fintech Caruso banks $9.3 million Series A

Caruso, which handles registry and fund admin for private markets, has raised a Series A co-led by Icehouse Ventures and GD1 with Balmain taking part, at an $80 million valuation.

Startup Daily Wed 15 Apr 2026 Caruso Balmain GD1 Icehouse Ventures Mark Hurley

Also SmartCompany

2 deals

Fund manager administration fintech Caruso bags $3.2 million raise

Startup Daily reports unit-registry fintech Caruso has banked a fresh $3.2 million from customer Balmain, following a $3 million round a year earlier, targeting growth across Asia-Pacific and North America.

Startup Daily Wed 11 Dec 2024 Caruso Gull Oil Marquette Pushpay Balmain GD1 Icehouse Ventures the Rae family Chris Heaslip Andrew Griffin Mark Hurley Michael Oliver Shaw Toby Lewis

2 deals

Caruso secures $3.2 million in strategic investment led by Balmain

Caruso, maker of fund administration software, has landed a $3.2 million strategic backing from private credit firm Balmain, having earlier raised $3 million from Icehouse Ventures and other backers.

Australian FinTech Wed 11 Dec 2024 Caruso Gull Oil Marquette Pushpay Balmain GD1 Icehouse Ventures the Rae family of Gull Oil Chris Heaslip Andrew Griffin Mark Hurley Michael Oliver Shaw Toby Lewis

Also Startup Daily·Startup Daily·SmartCompany

Caruso

Funding history

Investors

What Caruso bought

People

Coverage

Seven ANZ startups that raised $71.8 million this week

Kiwi fund administration fintech Caruso banks $9.3 million Series A

Fund manager administration fintech Caruso bags $3.2 million raise

Caruso secures $3.2 million in strategic investment led by Balmain