LemonEdge announces US$21m Series A funding round
30 July 2026 US
Image: Nirusmee/stock.adobe.com
LemonEdge, a fund accounting platform built for private markets, has completed a US$21 million Series A investment round to accelerate product development and continued expansion in the US and Europe.
Blackstone Innovations Investments, Blackstone's early-stage investment arm, led the funding round.
They're joined by BNY, with participation from long-time investor Sidekick Partners, bringing LemonEdge's total funding raised to date to over US$30 million.
As LemonEdge enters its next phase of growth, it has strengthened its senior leadership team by appointing New York-based David T. O'Malley as CEO and board chair.
O'Malley brings extensive experience scaling high-growth global Software-as-a-Service and enterprise fintech businesses.
Most recently, he served as president of Numerated Growth Technology, leading international expansion, operational and commercial strategy and ultimately orchestrating its sale to Moody's Analytics.
LemonEdge has also appointed Katharine Briggs as chief growth officer, responsible for driving global go-to-market strategy, delivery, and client expansion as demand accelerates across the US and EMEA.
David T. O'Malley, CEO of LemonEdge, notes: “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.”
Christine Waldron, global head of fund and investor solutions, Asset Servicing at BNY, adds: “Many of the firms we serve have requirements that legacy systems can no longer support, from new fund types to the safe adoption of emerging technologies. Both depend on one system of record where the data is governed, auditable and accurate.
"LemonEdge is among the platforms purpose-built to address these challenges, and we look forward to collaborating with a team that shares our commitment to solving the complex problems our clients face."
Blackstone Innovations Investments, Blackstone's early-stage investment arm, led the funding round.
They're joined by BNY, with participation from long-time investor Sidekick Partners, bringing LemonEdge's total funding raised to date to over US$30 million.
As LemonEdge enters its next phase of growth, it has strengthened its senior leadership team by appointing New York-based David T. O'Malley as CEO and board chair.
O'Malley brings extensive experience scaling high-growth global Software-as-a-Service and enterprise fintech businesses.
Most recently, he served as president of Numerated Growth Technology, leading international expansion, operational and commercial strategy and ultimately orchestrating its sale to Moody's Analytics.
LemonEdge has also appointed Katharine Briggs as chief growth officer, responsible for driving global go-to-market strategy, delivery, and client expansion as demand accelerates across the US and EMEA.
David T. O'Malley, CEO of LemonEdge, notes: “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.”
Christine Waldron, global head of fund and investor solutions, Asset Servicing at BNY, adds: “Many of the firms we serve have requirements that legacy systems can no longer support, from new fund types to the safe adoption of emerging technologies. Both depend on one system of record where the data is governed, auditable and accurate.
"LemonEdge is among the platforms purpose-built to address these challenges, and we look forward to collaborating with a team that shares our commitment to solving the complex problems our clients face."
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