Auckland start-up Caruso expands into US after $11.2m raise
Wednesday, November 11, 2026 · first reported by NZ Herald
Caruso, an Auckland-founded maker of AI-native software for administering investment funds, has opened in the US, with staff in Dallas and New York since October. Co-founder Mark Hurley has moved to Dallas to lead the push.
The company raised $11.2 million in an April Series A at a valuation just under $100m. Icehouse Ventures and GD1 led, and Balmain, a customer, took part. Hurley puts contracted recurring revenue at about $13m and says the software administers more than $130 billion of assets across more than 100 customers. New clients include Centuria Capital Group and Charter Hall Direct.
- Firm
- Caruso
- Stage
- Raising
- People
- Mark Hurley
- Asset class
- Private equity
- Geography
- Oceania, North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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