LemonEdge, a modern fund accounting platform built for private markets, has completed a $21 million (£15.75m) 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 New York-listed financial services company BNY, with participation from long-time investor Sidekick Partners – bringing LemonEdge’s total funding raised to date to more than $30m.

LemonEdge has appointed 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.