On October 13, 2026, RedOwl raised $5.3 million in a seed round led by Tidal Ventures at a $40 million valuation to scale its AI-powered financial governance and margin leakage platform.
RedOwl funding and investors
The round was led by Australian venture capital fund Tidal Ventures, with participation from Sydney-based CP Ventures. The financing values RedOwl at approximately $40 million and was raised as a seed round.
Product and plans
Headquartered in Melbourne, Australia, RedOwl was founded in 2024 by Jitto Arulampalam and Thushan Shanmugarajah. The company offers an AI-driven intelligence and governance platform that helps finance teams detect margin leakage, improper invoicing and spending policy violations across fragmented financial systems. RedOwl plans to use the new capital to continue developing its platform and to expand its current client base. The company is backed by Mastercard and was previously selected for Mastercard’s global start-up engagement program.
Company website: https://redowl.ai
