{"id":253422,"date":"2026-04-16T23:49:11","date_gmt":"2026-04-16T23:49:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/253422\/"},"modified":"2026-04-16T23:49:11","modified_gmt":"2026-04-16T23:49:11","slug":"caruso-an-australia-based-platform-for-private-markets-with-an-office-in-dallas-closes-6-5m-series-a-dallas-innovates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/253422\/","title":{"rendered":"Caruso, an Australia-Based Platform for Private Markets With an\u00a0Office in\u00a0Dallas, Closes $6.5M Series\u00a0A \u00bb Dallas Innovates"},"content":{"rendered":"

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Caruso’s co-founders are CEO Mark Hurley, left, and CTO Oliver Shaw. [Photo: Caruso]<\/p>\n

Caruso, a Sydney, Australia-based fund administration platform for private markets, has closed a $6.5 million Series A raise and secured a $55 million valuation following rapid growth and large enterprise customer wins.<\/p>\n

The AI-native firm\u2014which has a U.S. office in Dallas\u2014provides AI-native software and integrated services to private market managers. Founded in 2023 by CEO Mark Hurley and Chief Technology Officer Oliver Shaw, Caruso says over 80 fund managers now use its platform\u2014including large enterprise clients such Centuria Capital Group.<\/p>\n

Caruso said its platform is purpose-built for real estate, private credit, and private equity funds, replacing fragmented systems and manual processes with a unified platform that helps managers \u201csave time, impress investors, and grow AUM.\u201d Assets under administration at the firm are said to have surged 10 times to $55 billion in just 12 months, with revenue increasing 400%.\u00a0<\/p>\n

\u201cWe\u2019re removing the admin from fund administration,\u201d Hurley said in a statement. \u201cFor the first time, our customers have a single source of truth for their LP and fund data\u2014across CRM, registry, compliance, capital raising, and the investor portal. Integrated with that system of record, we give them a system of action: people and AI agents working together to do the work faster and more accurately than ever before.\u201d<\/p>\n

Serving 900-plus funds across Australia, New Zealand, and the U.S.<\/p>\n

Caruso said it serves more than 900 funds across Australia, New Zealand, and the United States. With the fresh capital from its Series A round, Caruso aims to accelerate product development, expand its AI agent capabilities, and grow its headcount to over 80 people. All product and engineering work at the firm continues to be based in Auckland, New Zealand.<\/p>\n

Caruso says that delivers greater transparency for LPs, more time for managers to focus on asset performance and relationships, and stronger compliance across the industry\u2014\u201dbuilt on data that is finally clean, connected, and accessible.\u201d<\/p>\n

Seeing AI-native fund administration as a \u2018global standard\u2019<\/p>\n

Jason Huljich, CEO at Sydney-based Centuria Capital Group, said Caruso \u201cgives our LPs more transparency and a better experience, while freeing our team to focus on what we do best.\u201d<\/p>\n

\u201cAI-native fund administration is going to become the standard globally for managers that do what we do,\u201d he added in a statement, \u201cand Caruso is leading the way.\u201d<\/p>\n

Jack McQuire, a partner at New Zealand-based Icehouse Ventures, called the fund administration industry\u2019s global impact \u201cimmense.\u201d<\/p>\n

\u201cIt touches almost every aspect of people\u2019s lives, from infrastructure like roads and housing to retirement savings,\u201d McQuire added. \u201cDespite this, the industry still runs on decades-old software. Caruso\u2019s rapid growth to date is just the beginning of what their AI-native platform can unlock for this industry.\u201d<\/p>\n

Don\u2019t miss what\u2019s next. Subscribe\u00a0to\u00a0Dallas\u00a0Innovates.<\/p>\n

Track Dallas-Fort Worth\u2019s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.<\/p>\n

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\tR E A D\u00a0\u00a0 N E X T\t<\/p>\n

\t\"Nominations<\/a><\/p>\n

Dallas Innovates and our partners at the Dallas Regional Chamber spotlight the names you need to know in Dallas-Fort Worth’s AI economy.<\/p>\n

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Dallas-based WashMetrix, founded in 2022 to keep data on track for operators in the $15 billion car-wash industry, has been acquired by Florida-based manufacturer Sonny\u2019s as \u201can accelerant” to the company’s strategy.<\/p>\n

\t\"\"<\/a><\/p>\n

Plano-based Humancore describes its Multiplayer platform as an AI advisor that goes beyond traditional coaching and generic prompts by understanding not just the manager, but also their team.<\/p>\n

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San Francisco-based Forge operates a premier private market platform and a leading trading marketplace through which investors have bought and sold more than $17 billion in private company shares. Charles Schwab CEO Rick Wurster said his company will use Forge’s marketplace to “further democratize access to this increasingly important source of wealth creation for investors.”<\/p>\n

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Designer Jonathan Adler is bringing his iconic style to Micheals in a new collection, starting April 17. Everyone from ‘mid-century mavens’ to West Coast bohemians” can find the designer’s signature flair to spark their own creativity, Michaels said.<\/p>\n","protected":false},"excerpt":{"rendered":"Caruso’s co-founders are CEO Mark Hurley, left, and CTO Oliver Shaw. [Photo: Caruso] Caruso, a Sydney, Australia-based fund…\n","protected":false},"author":2,"featured_media":253423,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[95708,102,104,103,95709],"class_list":{"0":"post-253422","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dallas","8":"tag-caruso","9":"tag-dallas","10":"tag-dallas-headlines","11":"tag-dallas-news","12":"tag-private-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/253422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=253422"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/253422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/253423"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=253422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=253422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=253422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}