Mishcon de Reya has advised LemonEdge on the closing of its $21 million Series A fundraising round. LemonEdge is a fund accounting and operations system designed for the complexities of private markets. It brings processes often handled outside legacy systems into a single system of record, supporting real-time automation, auditability and governance across the fund lifecycle.
The funding marks an important milestone for LemonEdge as it continues to scale its platform for the private markets sector. The new funding will support the company’s continued growth, expansion of its client base and delivery of its 2026 and 2027 innovation roadmap.
David T. O’Malley, CEO of LemonEdge, said: “LemonEdge was built to simplify the complexity of the rapidly scaling private markets space, with global private market AUM forecast to reach $26.7tn by 2030. Legacy systems froze, and, as a result, many of the most sophisticated private market firms in the world are being held back by tools that were not designed for the complexity they face today. With this new funding, we plan to continue to address these major gaps and accelerate growth over the next 12 months, by bringing on a significant number of new clients and rapidly deploying our 2026 and 2027 innovation roadmap.”
James Court, Managing Associate at Mishcon de Reya, commented: “LemonEdge is tackling a significant challenge in the private markets space with technology designed for the needs of an evolving industry. Its platform is helping to modernise partnership and fund accounting infrastructure at a time when firms are under increasing pressure to operate more efficiently and at greater scale. We are pleased to have supported David and the LemonEdge team on this important transaction and look forward to seeing what the future holds for them.”