Maybern, a company that’s building an operating system for private funds, raised $50 million in Series B funding. The round, led by Battery Ventures, brings its total capital secured to $76 million. The company’s platform is designed to solve infrastructure problems in fund management by establishing a single performance book of record for fund, investor and investment data.
Maybern’s goal is to move fund chief financial officers beyond reactive reporting to delivering strategic insights. The platform’s technology replaces fragmented spreadsheets and manual processes with automation and real-time analytics. Maybern has achieved 4.6x year-over-year growth and currently supports more than $80 billion in assets under management.
The company will invest its new funding in expanding its research and development organization and developing AI-driven tools aimed at automating fund operations, streamlining auditing and enhancing reporting capabilities.
