AI-powered platform Rowan secures $3.3mn in seed funding

Rowan, a platform reimagining small business succession, has raised USD 3.3mn for is seed round of funding. As a wave of small businesses come to market as owners reach retirement age and prospective buyers become more sophisticated and have higher expectations, there is a need to ensure that sale the process is structured and transparent on both sides.

With the funding raised by DRW, Motivate Ventures, Mercury Fund and angel investor Eddie Lou, the company will grow its team and use it to support its growing suite of proprietary AI tools to improve succession readiness and outcomes.

Millions of small business owners spend their lives building incredible companies, yet when it comes time to step away there’s rarely a clear path.. This funding allows us to build the tools, the team, and the infrastructure needed to help owners protect their legacy and transition their businesses on their own terms. – Co-Founder and CEO Steven Glod.