LemonEdge Secures $21M Series A Funding Led by Blackstone Innovations Investments and BNY
LemonEdge, a modern fund accounting platform for private markets, has completed a $21 million Series A funding round. The investment is led by Blackstone Innovations Investments with participation from BNY (NYSE: BNY) and Sidekick Partners. This brings LemonEdge's total funding to over $30 million. The company announced the appointment of David T. O’Malley as CEO, who has a strong background in scaling SaaS and fintech businesses globally. Katharine Briggs was also appointed Chief Growth Officer to lead global go-to-market strategy and client expansion. LemonEdge aims to use this funding for product development and market expansion across the US and Europe. With private markets assets under management (AUM) projected to reach $26.7 trillion by 2030, LemonEdge is positioned as a solution addressing inefficiencies in legacy systems through real-time fund accounting with embedded AI capabilities.
