Startup · $15.5m raised · AI

Caruso

AI-based registry and fund administration platform

Sydney, NSW

Funding history

Series A : $9,300,000

15 Apr 2026 · led by Icehouse Ventures GD1

Balmain

Reported valuation $80,000,000 post-money per the original report, not confirmed by the company.

Sources: SmartCompany, Startup Daily
Unnamed stage : $3,200,000

11 Dec 2024 · led by Balmain

Sources: Startup Daily, Australian FinTech
Seed : $3,000,000

Nov 2023 · led by Icehouse Ventures

GD1 Balmain Chris Heaslip the Rae family the Rae family of Gull Oil Gull Oil

Sources: SmartCompany, Startup Daily (15 Apr 2026), Startup Daily (11 Dec 2024), Australian FinTech

Investors

Every investor coverage indicates participated in a round Caruso raised.

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	-

What Caruso bought

Companies Caruso acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.

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

People

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

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