Marloo raises $10M led by Blackbird Ventures to replace the AI notetaker with an AI operating system for financial advisers
Blackbird is doubling down: it led both the pre-seed and now the seed, and now holds 34% of the company. Icehouse Ventures also participated. The founders -Hardy Michel, Shakeel Lala, and Ben Robertson, retain ~27% each. US expansion is next.
TL;DR
- Marloo raised $10 million in a seed round led by Blackbird Ventures, with participation from Icehouse Ventures.
- Total funding now stands at $12.7 million within twelve months.
- Blackbird Ventures now holds approximately 34% of Marloo.
- Co-founders Hardy Michel and Shakeel Lala each retain about 27% of the company.
- The new capital will fund expansion into the United States and enhance the product suite.
- Marloo aims to become the core operating system for financial advisory firms.
- Founded in 2024, the company addresses administrative inefficiencies faced by financial advisers.
- Over 650 advisory firms across six countries are paying customers.
- Revenue has grown over 40% month-on-month for eleven consecutive months.
- Customer churn is reported to be close to zero.