LemonEdge

About LemonEdge

LemonEdge provides a modern, low-code accounting and portfolio management platform specifically designed for the private capital industry. The company aims to replace outdated legacy systems and manual spreadsheet-based processes, which are often inefficient and unable to handle the increasing complexity of private market funds. Clients include fund administrators, general partners (GPs), and limited partners (LPs) who require sophisticated tools for fund administration and reporting. The company was founded in March 2020 by Gareth Hewitt and Jamie Nascimento. Hewitt, the founder, has over two decades of experience developing software for the private markets industry, including co-founding and later selling Bridge Fund Solutions. His extensive background revealed the shortcomings of existing technology, inspiring him to create a more flexible and powerful solution from the ground up. Nascimento, the Co-Founder and Chief Commercial Officer, brings 20 years of marketing and sales experience to the venture. In January 2026, David T. O'Malley, a seasoned executive from companies like Oracle and FIS, took over as CEO to lead the company's next growth phase, with Hewitt remaining as Founder. LemonEdge’s core product is a cloud-native, API-first platform that automates end-to-end complex accounting processes. Key features include a Path Allocation Engine for complex calculations like equity pick-up, and a portfolio management suite that handles waterfalls, IRRs, and valuations. A significant differentiator is its low-code and no-code customization capability, allowing firms to adapt the platform or build new applications up to 10 times faster than with traditional systems. The platform also features 'Canvas' technology for real-time scenario modeling and a multi-currency general ledger. The company has demonstrated significant traction, securing over $30 million in total funding. This includes a $4 million seed round in 2022 and a $21 million Series A round in July 2026, led by Blackstone Innovation Investments with participation from BNY and Sidekick Partners. These investments are aimed at accelerating product development and expanding operations across the US and EMEA. Keywords: private capital accounting, fund administration software, portfolio management platform, low-code financial platform, private equity software, alternative asset management, financial services technology, complex fund accounting, waterfall calculations, IRR calculations, real-time reporting, Blackstone, BNY, Gareth Hewitt, fintech, back-office automation, SaaS, asset management, investment accounting, partnership accounting, private markets technology, fund reporting, financial data management, equity pick up, multi-currency ledger