LemonEdge, a fund accounting and operations software provider for the private markets sector, raised a $21M Series A led by Blackstone Innovations Investments (FinTech Global)

Summary

LemonEdge, a fund accounting and operations software provider for private markets, raised a $21 million Series A led by Blackstone Innovations Investments.

Why it matters

Back-office software for private markets sits close to budget owners and compliance pain, which keeps it fundable even when broader software multiples compress.

Founder/operator read

If you build infrastructure, focus on the work people cannot avoid and the records they cannot risk getting wrong. That is where switching costs live.

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