LemonEdge secures 2.5m USD in seed funding led by Sidekick Partners to drive international expansion.
Sidekick Partners led the seed round with participation from prominent software founders to fuel expansion across North America and Europe.
LemonEdge provides a low-code accounting and reporting platform designed for the private capital industry. Its cloud-native technology helps firms automate complex workflows and replace legacy spreadsheet processes.
LemonEdge has secured 2.5m USD in a seed funding round led by Sidekick Partners, with additional backing from Tikhon Bernstam and Lauren Iaslovits. The capital will be deployed to expand the company presence in North America and Europe while recruiting senior talent across development, implementation, and sales functions.
The London-based fintech offers a low-code accounting platform designed to streamline shadow accounting and fund administration tasks for private equity and financial services firms. This fresh injection of capital aims to accelerate commercial momentum as the business targets an underserved market transitioning away from legacy software.
From the founder
"We are pleased to have completed a highly successful funding round, and to have the support of such well-renowned investors. For more than 20 years, I’ve seen an astonishing amount of financial data inside legacy applications or spreadsheets that do not communicate and that are insecure. LemonEdge’s low-code platform delivers the next generation of private equity performance and accounting software, without dependence on workarounds. LemonEdge is 10x faster to develop and deploy, and it is scalable, adaptable, and secure."
Gareth Hewitt
Co-Founder and Chief Executive Officer at LemonEdge
Investor perspective
"LemonEdge brings a complete no- and low-code solution to the challenges of general ledger accounting for the private capital market. The ability to simulate scenarios without risking reporting data is fundamentally empowering, and I can see clear benefit to fund administrators in terms of cost and time saving in the enterprise data space. This is the natural evolution of private capital technology, driven by a dynamic team."
Lauren Iaslovits
Co-founder of Investran, Lauren Iaslovits
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets