Rowan, a Chicago, IL-based provider of an AI-powered platform supporting small business succession, has raised $3.3 million in a Seed funding round led by DRW.
The round also saw participation from Motivate Ventures, Mercury Fund, and angel investor Eddie Lou.
The company plans to use the funds to grow its AI tools for better succession planning, expand its team, and scale operations.
Rowan combines expert support with advanced AI tools to help manage the full succession process. It gives small business owners access to capabilities similar to those of large companies and creates a clear, structured process for both buyers and sellers.
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Rowan fills this gap by helping small business owners:
- Use AI to support teams and lessen owner dependency.
- Organise financial information.
- Document and update operations.
- Enhance cash flow and predictability.
- Find and attract qualified buyers.
As the small business succession challenge grows, Rowan is becoming a key partner for owners facing one of the most important moments in their careers. It helps ensure that every transition protects the founder’s work, preserves their legacy, and prepares the next generation of leadership for success.
Rowan combines AI tools with hands-on guidance to turn owner-run companies into buyer-ready businesses. Its platform and dedicated guides organise financials, clean and document processes, improve cash flow, and connect the right buyers and sellers, helping owners unlock the full value of their business.
“Millions of small business owners build amazing companies, but often have no clear plan when it’s time to step away,” said Co-Founder and CEO Steven Glod. “Rowan is here to change that. This funding helps us create the tools, team, and systems to let owners protect their legacy and transition their businesses on their terms.”
“A wave of small businesses is entering the market as owners retire, making it more crowded,” said Co-Founder Christopher Weaver. “At the same time, buyers are more sophisticated, and expectations are higher. The gap between what sellers are ready for and what the market demands has never been greater.”
About Rowan
Founded in 2023, by Steven Glod and Christopher Weaver, Rowan helps small businesses preserve the legacies they’ve built while preparing them for future growth. Inspired by the Rowan tree, known for its strong roots and resilient branches, the company guides owners through succession with clarity, care, and purpose.
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