LemonEdge, a London, UK-based modern low-code accounting platform powering the private capital industry, completed a $4 million funding round.
The round was led by Blackstone Innovation Investments, with participation from existing investors, including Sidekick Partners, Lauren Iaslovits (co-founder of Investran and a pioneer of private capital market technologies), and Tikhon Bernstam (founder of Parse and Scribd).
The financing increases capital raised to date to $7 million, all within the first year of launch, this financing will accelerate the company’s expansion to modernize accounting for the private capital industry
Company: Blue Water Software Ltd.
Raised: $4.0M
Round: unknown
Funding Month: February 2022
Lead Investors: Blackstone Innovation Investments
Additional Investors: Sidekick, Partners, Lauren Iaslovits, and Tikhon Bernstam
Company Website: https://www.lemonedge.com/
Software Category: low-code development platform
About the Company: LemonEdge is the first and only low-code development platform for the complex accounting demands of the private equity industry. LemonEdge enables businesses to develop or customize solutions 20x faster than traditional approaches. LemonEdge’s private capital product provides asset managers and administrators with the core infrastructure for the fund, portfolio, and LP-level accounting. The platform has easy-to-use reporting and analysis capabilities, which can seamlessly handle scale and complexity. Clients can quickly integrate 3rd party systems, spreadsheets, and proprietary financial processes via LemonEdge’s low-code platform. This intuitive and highly customizable approach delivers on today's complex requirements for efficient fund management. Combined with LemonEdge’s unique set of building blocks for financial services, from a multi-currency general ledger, auditing, risk management, to complex data handling and reporting, you can give your solutions the edge they need.
Source: https://www.lemonedge.com/news-and-press-releases/lemonedge-announces-4-million-funding-round-led-by-blackstone