Tier Zero VIP

Ivo

Min-Kyu Jung

Co-Founder & CEO, Ivo. San Francisco (ex-New Zealand). Former corporate lawyer who taught himself to code. Building AI contract intelligence for enterprise legal teams.

$77.2M
Total Raised
$530M
Valuation
97
Employees
150+
Customers
6x
ARR Growth
Series B
Stage
Tier Zero VIP

Why he's VIP: Series B ($55M at $530M valuation) closed January 2026. London and New York offices opened March 2026. Headcount tripling from 97 to 180. Lawyer and engineer founding team with no finance function. Three major financial complexity triggers hit simultaneously.

The play: Lead with the expansion problem, not funding congratulations. Everyone is emailing about the Series B. Reference the London/NY office announcement as the trigger.

The hook: When I saw you opened London and New York last week, the first thing I thought was: does Ivo have someone modeling the FX exposure, UK employer NIC, and entity transfer pricing, or is that landing on your desk between sales calls?

Fractional CFO Fit

Offer: £3-6K/month Fractional CFO Retainer. Ivo just closed a $55M Series B at $530M valuation with 150+ enterprise customers including Uber, Shopify, IBM, and Canva. Headcount is tripling from 97 to 180. London and New York offices are opening. There is no CFO. The founders are a lawyer and an engineer. This is exactly the company Leo's Fractional CFO service was built for.

Why it works: Min-Kyu is the decision-maker and he has no finance background. The company has the revenue and the raised capital to afford a Fractional CFO easily. The 6x ARR growth means enterprise contract revenue recognition is getting complex fast. Multi-currency exposure from NZ, UK, and US operations adds FX risk they are not managing. Board reporting for Series B investors demands financial sophistication they do not yet have. Start with the free Round Readiness Audit to show the gaps, then propose the 30-Day Sprint (£3K) as the pilot, then move to Fractional CFO retainer.

Risk: Min-Kyu may assume finance is handled by their accountant or that the Series B itself validates they are fine. Leo needs to show the difference between bookkeeping and financial architecture - and why every week without a CFO at this growth rate costs more than the retainer.

Quick Summary

Key Intel

Extraordinary founder arc - NZ lawyer, quit to self-teach code in 2 months, cold DM'd Daniel Gross (Y Combinator partner), moved to San Francisco, built a $530M company.
No CFO at Series B - $55M raised, 150+ enterprise customers, headcount tripling, two international offices opening. Zero finance leadership. This is the gap Leo fills.
International expansion NOW - London and New York offices opening simultaneously. Multi-currency exposure, cross-border payroll, FX risk - none of it managed at scale yet.
6x ARR growth - Enterprise contract revenue recognition at this pace gets complex fast. Uber, Shopify, IBM, Canva on the roster means sophisticated procurement and billing cycles.
Forbes 30 Under 30 + active LinkedIn - High public profile for a B2B founder. Media-savvy and accessible. Not hiding behind a PR team.
9
ICP Fit
9/10
Series B, 97 employees, no CFO, tripling headcount. Textbook Leo ICP.
10
Service Fit
10/10
No finance function at $530M valuation. International expansion. Board reporting pressure.
8
Reachability
8/10
Active on LinkedIn. Forbes profile. Accessible founder - responds to cold DMs by reputation.
🕵️

Sherlock Research Summary

Generated by Sherlock - OpenClaw Deep Research Agent • March 17, 2026 • 8 web searches • 12 sources analyzed
AI Agent Executive Summary
Min-Kyu Jung is the Co-Founder and CEO of Ivo, an AI contract review platform used by 150+ enterprise customers including Uber, Shopify, IBM, and Canva. The company has raised $77.2M total ($16M Series A, $55M Series B at $530M valuation) and is growing at 6x ARR year-on-year with 97 employees scaling to 180 and offices opening in London and New York.
Min-Kyu's background is one of the most compelling in the batch: trained as a lawyer in New Zealand, quit law to self-teach coding in 2 months, cold DM'd Y Combinator partner Daniel Gross, moved to San Francisco, and built a company with an 85% win rate against incumbent legal tech. His co-founder Jacob Duligall is a former Xero engineer - together they cover law and engineering but have no finance expertise between them.
Key vulnerability: Ivo has no CFO and no finance function built for Series B scale. With $55M to deploy, international expansion underway, headcount tripling, and enterprise contracts at Uber/IBM complexity - the financial architecture gaps are widening by the week. This is exactly the inflection point where Leo's Fractional CFO service creates the most value.

What Makes Him Interesting

The angles that matter for Leo's outreach
Lawyer turned coder - Quit law, taught himself to code in 2 months, cold DM'd Daniel Gross. The willingness to learn new disciplines fast is the same quality that makes founders open to hiring a Fractional CFO.
85% win rate - Ivo beats incumbents 85% of the time in competitive deals. This is a company that knows how to compete. They will respond to a sharp, specific value proposition.
Forbes 30 Under 30 - Recognised publicly. Not just a B2B grind story - Min-Kyu has a public profile and cares about how the company is perceived.
Diaspora.NZ Podcast - Has done at least one podcast. Not averse to media. Accessible and willing to have conversations.

Where They Might Be Stuck

Signals that the Fractional CFO pitch could land
No CFO at Series B - $77.2M raised, $530M valuation, no finance leadership. Board pressure will force the conversation soon.
International expansion burning cash fast - London and New York simultaneously. Entity setup, local payroll, transfer pricing - each needs a finance lead.
Enterprise rev rec complexity - 6x ARR growth with Uber, IBM, Canva on the books. Enterprise contracts have custom billing and recognition schedules that break at scale.
Headcount tripling - 97 to 180 people. Compensation benchmarking, equity management, payroll infrastructure - a lawyer and an engineer cannot run this alone.
Sources Analyzed (12)

Profile

Identity

Title
Co-Founder & CEO
Leads strategy, product, and growth
Location
Auckland, NZ / San Francisco, CA
Trained as a lawyer in New Zealand
LinkedIn
Active - regular posts

Career Timeline

New Zealand
Trained as a Lawyer
Law degree, practising in NZ
Career pivot
Self-taught code in 2 months
Quit law, learned to build software from scratch
Cold DM
Reached Daniel Gross (YC)
Y Combinator partner - moved to San Francisco
Ivo (present)
Co-Founder & CEO
$530M valuation, 150+ enterprise customers, Forbes 30U30

Co-Founder: Jacob Duligall

Background
Ex-Xero Engineer
Built the technical architecture of Ivo
Founding team gap
Law + Engineering
No finance background between the two founders
Recognition
Forbes 30 Under 30 (Min-Kyu)
Plus Diaspora.NZ Podcast, NZ Herald, Artificial Lawyer

The "Lawyer Who Built a $530M Company in 2 Months of Code" Narrative

Min-Kyu's arc tells a story in a single sentence: "I was a lawyer. I taught myself to code. I cold DM'd a YC partner. I built a $530M company." The willingness to leap from law to engineering - and succeed at it - is the same quality that makes him a founder who responds to sharp, specific pitches. He did not take the safe path. He will not dismiss an unconventional approach from Leo. The challenge is not getting his attention - it is leading with a problem he recognises as urgent rather than congratulations he has heard a hundred times.

Company & Product

Ivo

Websiteivo.ai
Founded2021
HQAuckland, NZ / San Francisco, CA
Employees97 (scaling to 180)
Customers150+ enterprise (Uber, Shopify, IBM, Canva)
Win Rate85% vs competitors
ExpansionLondon + New York offices opening

Product & Key Metrics

AI Contract Review: Automates contract redlining, clause extraction, and risk flagging for legal and procurement teams
Enterprise Integration: Connects with existing CLM and legal ops tools
Speed: Reduces contract review time from hours to minutes
Accuracy: 85% win rate against incumbent legal tech platforms
Scale: 150+ enterprise customers across NZ, UK, US
Key Signals
6x ARR Growth85% Win Rate150+ Enterprise Customers$530M ValuationSeries B 2025

Funding & Growth

$77.2M
Total Raised
$55M
Series B (2025)
$530M
Valuation
6x
ARR Growth

Funding Timeline

Series A$16M
Series B$55M at $530M valuation (2025)
Total$77.2M raised

Use of Funds (Series B)

Headcount97 to 180 employees
London OfficeOpening now
New York OfficeOpening now
CFONot hired

Media & Visibility

Channel Effectiveness

LinkedIn
Regular founder posts, good engagement
Active
Podcast
Diaspora.NZ episode found
Limited
Press
NZ Herald, Forbes, Artificial Lawyer
Active
Blog/Content
ivo.ai blog - occasional
Sparse
Finance Content
None found
None

Online Presence & Gap

LinkedIn - Active, regular founder posts
Forbes 30 Under 30 - Listed recognition
NZ Herald - Coverage of Ivo and founder story
Artificial Lawyer - Legal tech trade press
Diaspora.NZ Podcast - NZ founder community episode

What's Completely Missing

No CFO or Finance Lead No Finance Content No Board Reporting Framework No FX Risk Management

Pain Signals & Angles In

5
Signals Found
HIGH
Confidence
POST-B
Growth Stage
$55M
To Deploy
Signal 1No CFO at Series B Scale
  • $55M raised, $530M valuation, no finance leadership.
  • Board reporting for Series B investors demands financial sophistication they do not yet have.
  • Every week without a CFO at this growth rate costs more than the retainer.
Signal 2International Expansion NOW
  • London and New York offices opening simultaneously.
  • Entity setup, local payroll, transfer pricing, multi-currency reporting - none managed at scale.
  • Each new jurisdiction adds compliance and financial architecture complexity that compounds.
Signal 3Enterprise Rev Rec Complexity
  • 6x ARR growth with Uber, IBM, Canva on the books.
  • Enterprise contracts have custom billing, multi-year terms, and variable recognition schedules.
  • This breaks at scale without a finance function to manage it - audit risk grows weekly.
Signal 4Headcount Tripling
  • 97 to 180 employees. Compensation benchmarking needed across NZ, UK, US markets.
  • Equity management and option pool modelling for new hires at this pace.
  • Payroll infrastructure for three different regulatory environments simultaneously.
Signal 5Lawyer + Engineer Founders, Zero Finance Background
  • Min-Kyu is a lawyer. Jacob Duligall is an engineer. No finance expertise between them.
  • They have been resourceful and self-taught before - Min-Kyu learned to code in 2 months. But CFO-level finance at Series B is not a 2-month self-teaching project.
  • The framing that lands: Leo is not a vendor, he is the finance co-founder they never hired.

Fit Assessment

90
ICP Fit
Exceptional

Series B, $530M valuation, 97 employees scaling to 180, two international offices opening, no CFO. CEO is the direct decision-maker with no finance background. This is Leo's textbook ICP at peak urgency. Stage: 10/10. Finance literacy: 3/10. Geography: 8/10. Timing: 10/10.

90
Fractional CFO Fit
Exceptional

The core gap - no finance function at $530M valuation with international expansion burning - is a financial architecture problem, not a product problem. Min-Kyu is a lawyer. Jacob is an engineer. Neither can run board-level finance. That gap is Leo's exact lane. Start with the free Round Readiness Audit, move to the 30-Day Sprint (L3K), land the Fractional CFO retainer (L3-6K/month).

Outreach Angles & Value Bombs

Each angle is a standalone way in. Jamie should pick the one that feels most natural and lead with massive free value.

Angle 1: The Website Positioning Audit

What Jamie does: Record a 10-minute Loom walking through castellum.ai. Apply his framework: "Who is this for? Is the customer's problem stated above the fold, or is it all about the product?" Show the gap between Castellum's compliance language ("AML/KYC screening," "watchlists," "false positive reduction") and the actual story ("We correct the UN's sanctions data. Our AI passed the professional certification exam. We stop financial criminals using AI"). The homepage tells the technical story. It should tell the human one.

Why it works: Peter is a compliance expert, not a marketer. He thinks in data quality and regulatory frameworks. Jamie thinks in positioning. The Loom delivers immediate, specific value - showing Peter that his own website undersells his most compelling asset: the founder story. Compliance officers buy from people they trust. The story builds trust faster than any product demo.

Angle 2: The "Story Bigger Than the Audience" Mirror

What Jamie does: Send a thoughtful LinkedIn message: "Peter - I read your PYMNTS interview. 'We actually correct governments on a regular basis.' That is one of the most audacious things a startup CEO has ever said. But it's buried in a fintech trade publication. That line should be in Forbes, not PYMNTS. Your story - Afghanistan, Treasury, building an AI that passes the CAMS exam - is bigger than the audience that's currently hearing it. I think there's a strategic conversation worth having about that."

Why it works: It names the thing Peter probably already feels. He has done PYMNTS, AlleyWatch, FinovateFall - but none of those reach the general business audience. Jamie is not criticizing his media strategy - he is pointing out that the story deserves a bigger stage. That is flattery and insight combined.

Angle 3: The Post-Series A Playbook

What Jamie does: Create a one-page PDF: "5 Things That Break After an $8M Series A - and the one most compliance tech founders miss." Not about Castellum specifically - about the pattern Jamie sees across post-Series A companies in vertical SaaS. Send it with a personal note: "I wrote this after working with 20+ founders at your exact stage. Number 4 (the messaging ceiling) might be relevant given what I am seeing at Castellum."

Why it works: It positions Jamie as someone who understands the post-Series A challenge without being salesy. The PDF gives Peter something concrete to evaluate. The "Number 4 might be relevant" creates curiosity without being presumptuous.

Angle 4: The Credit Union Channel Play

What Jamie does: Frame the conversation around the CUSO expansion: "You have 130+ credit unions in your investor base through Curql. Their compliance officers don't read TechCrunch. They listen to podcasts recommended by peers and attend industry events. Your story - the former OFAC officer who now helps credit unions stay compliant with AI - is the perfect trust-builder for that audience. But it needs to live on mainstream platforms they encounter outside their compliance bubble."

Why it works: It connects Jamie's value to Peter's most urgent business priority: converting the 130+ credit unions in Curql's network into customers. By framing founder visibility as a customer acquisition tool for the credit union channel, Jamie makes the conversation about revenue, not ego.

Loom Video Audit Ideas

Jamie should pick ONE of these and record a 5-10 minute Loom. The goal: deliver so much free value that he has to respond.

Loom 1 - Website Positioning Audit (RECOMMENDED)
Pull up castellum.ai. Walk through it section by section using Jamie's framework: "Who is this for? Is the customer's problem stated above the fold, or is it about the product?" Show the gap between Castellum's compliance language ("AML/KYC screening," "watchlists," "false positive reduction") and the real story ("We correct the UN's sanctions data. Our AI passed the CAMS exam. We stop financial criminals using AI"). Reference the Lead Bank testimonial. End with: "Your homepage undersells the most interesting story in compliance tech. These are simple changes you can make with what you already have."
This is Jamie's signature move. Specific, actionable, impossible to ignore because it is about Peter's company. The compliance-to-story translation is the exact kind of insight that makes founders take a call.
Keep it conversational, not harsh. "The data is incredible, the story is incredible - the website just isn't telling that story yet." Show a good example for contrast. End with something actionable today.
Loom 2 - Media Landscape Analysis
Search "Peter Piatetsky" and "Castellum.AI" on Google. Screen-share the results. Show that all coverage is fintech trade press - PYMNTS, AlleyWatch, Fintech Global. Then search "AI compliance startup" or "AI financial crime" - show what comes up in mainstream results. Frame it as: "Your story - Afghanistan, Treasury, correcting the UN - is more compelling than 90% of what is on mainstream business podcasts right now. But it lives in a compliance echo chamber. Enterprise buyers, investors, and recruits search for you on Google and find trade press. A few strategic mainstream placements change the entire perception."
Pure data, zero judgment. The Google results show the gap between where Peter's story lives and where it should live. This is not criticism - it is opportunity identification.
Frame this as a strategic observation about channel diversification. "You have excellent fintech coverage. The question is whether you are leaving enterprise credibility on the table by not telling this story to a broader audience."
Loom 3 - The "Department of Corrections" as Brand Asset
Pull up Castellum's "Department of Corrections" page. Walk through 2-3 examples of errors they reported to OFAC and the UN. Frame it as: "This is the most audacious marketing asset I have ever seen from a compliance startup. You are publicly telling the world's most powerful sanctions authorities that their data is wrong - and you are right. This is not a feature page. This is your entire brand story. And right now it is buried 3 clicks deep on your website. This should be the first thing every prospect sees. It proves data quality better than any metric ever could."
The "Department of Corrections" is Castellum's most differentiated marketing asset. Jamie showing Peter that this should be front-and-center (not buried) is a genuine insight that Peter can act on immediately.
Be genuinely impressed. This is not manufactured enthusiasm - a startup correcting OFAC and the UN is genuinely remarkable. Let that come through in the Loom.

Multi-Channel Outreach Plan

Hit multiple channels in the same week. The goal is not to be annoying - it is to be impossible to miss. Each touchpoint delivers value, not asks.

1
LinkedIn Connect
Day 1
Warm intro
2
Loom Video
Day 2-3
Value bomb
3
Email + Loom
Day 3-4
Send the audit
4
Investor Intro
Day 5
Side door
5
Follow-Up
Day 7-10
New value
6
Physical Mail
Day 10-14
Pattern interrupt

Day 1: LinkedIn Connection

Send a connection request with a short, specific note (not a pitch):

"Peter - I work with venture-backed founders navigating post-Series A growth. Your career arc from Treasury OFAC to building an AI that passes the CAMS exam is genuinely one of the most compelling founder stories I have come across. Would love to connect."

Day 2-3: Record the Loom

Record the Website Positioning Audit (Loom 1 above). Keep it under 10 minutes. Be specific about the compliance-language-vs-story gap. End with actionable advice. This is the centerpiece of the entire outreach.

Do NOT send it via LinkedIn. Hold it for the email on Day 3-4.

Day 3-4: Email with Loom

Send a personal email (not from a campaign - from Jamie's personal email) with the Loom embedded:

Subject: "Something I noticed about Castellum's positioning"

"Hi Peter - I recorded a short video walking through something I noticed on castellum.ai. It is not a pitch - it is a genuine observation about the gap between how Castellum talks about itself and the story your company is actually telling (which is far more compelling). I think it might be limiting how enterprise prospects and credit unions perceive you.

[Loom link]

If any of it resonates, I would love 20 minutes to dig deeper. If not, no worries - hopefully the video is useful either way.

Jamie"

Day 5: Investor/Network Side Door

Look for mutual connections through the fintech/credit union ecosystem. Curql, BTech, Framework Venture Partners all have networks Jamie can tap:

"Hey [mutual connection] - I have been doing research on Castellum.AI and their CEO Peter Piatetsky. His story is incredible - former Treasury OFAC officer who built an AI compliance platform. I put together a positioning analysis that I think could help them. Any chance you could make an intro?"

Day 7-10: Follow-Up

If no response, send a brief follow-up with a new piece of value:

"Hi Peter - one more thought. Your 'Department of Corrections' is the most differentiated marketing asset I have seen from any compliance startup. A startup that publicly corrects OFAC and the UN on their own data - that is not a feature. That is your brand story. I think there is a conversation worth having about how to make it the centerpiece of everything Castellum puts out. Either way, I am rooting for Castellum."

Day 10-14: Physical Mail

Send a physical package to Castellum's New York office. Pattern interrupt. Ideas:

  • A printed one-pager: "5 Things That Break After an $8M Series A" with Jamie's branding
  • A handwritten note referencing the Loom: "I hope the video was useful. The positioning gap I showed is worth more than you think. 20 minutes is all I need."
  • A book Jamie recommends on brand storytelling - something relevant to translating technical expertise into mainstream narrative

Messaging That Might Work

These are not templates. They are starting points Jamie should rewrite in his own voice. The specific details are what make them work.

The Direct LinkedIn DM

"Peter - I work with venture-backed founders who are navigating what I call 'the story-bigger-than-the-audience problem.' You supported Special Forces in Afghanistan. You fined banks and jailed money launderers at Treasury. You built an AI that passed the CAMS exam on its first try. You publicly correct OFAC and the United Nations on their own data.

That story is currently living in PYMNTS and AlleyWatch. It should be in front of every enterprise buyer, investor, and recruit who Googles your name.

I help founders at your stage close the gap between where their story lives and where it should live. 20 minutes - no pitch, just a strategic diagnostic. Worst case, you get a new perspective on your positioning."

The Warm Email Subject Lines

Option A: "Something I noticed about Castellum's positioning"
Option B: "Your 'Department of Corrections' is buried on your website"
Option C: "The story PYMNTS readers are hearing vs. the one Forbes should"
Option D: "38,000 alerts, one real threat - that stat deserves a bigger audience"
Rule: Every subject line is about HIS business, not about Jamie. No "I'd love to" or "Can we chat" energy.

Things to Avoid

Oversimplifying Compliance
AML/KYC is complex. Don't make it sound trivial. Show respect for the domain.
Calling His Media Strategy Wrong
His fintech coverage is strong. Frame it as "and also" not "instead of."
Probing Military/Afghanistan Details
Reference it as background, do not dig into specifics. He may not want to discuss it.
Generic "Let's Hop on a Call"
He is a busy CEO post-Series A. Lead with value, not with asks.
Asking About Revenue Specifics
Valuation is undisclosed. Revenue is $1-10M range. Don't probe further.
Comparing to Competitors
"Unlike Chainalysis or ComplyAdvantage..." - never position against competitors.
Being Salesy in the Loom
The Loom should feel like a free consulting session, not a pitch. If he learns something, the call books itself.
Mentioning the Co-Founder
The co-founder is not prominently featured. Don't bring them up unless Peter does.
Assuming He Needs a Podcast
This is NOT a podcast pitch. Frame around positioning and GTM strategy for the credit union expansion.

Bottom Line

Peter Piatetsky is a dream lead for Jamie's Unstuck Growth Intensive. He has the budget ($8.5M Series A just closed), the decision-making authority (he is the CEO), and a crystal-clear positioning problem that Jamie is built to solve: Castellum's story is trapped in compliance niche media when it should be a mainstream business narrative.

The website positioning audit is the way in. Jamie pulls up castellum.ai and shows Peter the gap between compliance jargon and the extraordinary story underneath - Afghanistan, Treasury, correcting the UN, an AI that passed the CAMS exam. That Loom will be impossible to ignore because it reveals something Peter already knows but has not articulated: his website undersells the most interesting company in compliance tech.

Even if Peter does not buy the $15K Intensive immediately, getting Jamie in front of this founder opens the credit union and fintech ecosystem - Curql (130+ credit unions), BTech (12+ banks), Framework (RBC). One conversation with Peter creates access to hundreds of potential referrals. This lead is worth the personal attention.

8/10
ICP Fit
Tier Zero VIP
Lead Tier
5
Pain Signals
4
Outreach Angles