Maybern has secured $50 million in Series B funding to accelerate its effort to build a next-generation operating system for private funds as the global alternatives market expands toward $16 trillion. The new round brings the company’s total capital raised to $76 million and was led by Battery Ventures, with participation from Primary Venture Partners, Human Capital, MetaProp, Grafton Street Partners, Camber Creek, and Friends & Family Capital.
The investment strengthens Maybern’s position as an emerging infrastructure provider in the private markets ecosystem. The company is developing a unified data and automation platform that replaces fragmented spreadsheets and manual reporting with real-time analytics, centralized records, and AI-ready tooling.
The platform is designed to give fund CFOs a single performance book of record across fund, investor, and investment data, enabling proactive insights rather than reactive reporting.
Battery General Partner Marcus Ryu, co-founder and former CEO of Guidewire Software, will join Maybern’s board as part of the investment. His background in modernizing core enterprise systems in complex industries reflects the company’s ambition to overhaul fund operations across private equity, credit, and real estate.
Maybern has experienced rapid momentum, reporting 4.6x year-over-year growth and supporting more than $80 billion in assets under management. Its clients include Madison Realty Capital, Gauge Capital, Town Lane, and Derby Lane Partners. The new funding will support the expansion of Maybern’s R&D organization and the development of AI-driven automation for fund operations, audits, and reporting.
Founded in New York, Maybern aims to deliver the foundational infrastructure needed for modern fund management by unifying data, automating workflows, and equipping firms with real-time insights that improve decision-making.
KEY QUOTES:
“Maybern is defining a new category of fund management software . . . building the back and middle-office infrastructure that gives managers governance, transparency, and traceability.”
“Private markets have evolved rapidly, but the systems that power them have not. Maybern is defining a new category of fund management software. We’re building the back and middle-office infrastructure that gives managers governance, transparency, and traceability, providing the data foundation that makes AI reliable for private markets.”
Ross Mechanic, Co-Founder and CEO, Maybern
“The multi-trillion-dollar scale and enormous complexity of alternative asset firms relies today on a foundation of Excel and human labor from finance professionals. Ross and Ashwin recognized the opportunity to migrate these intricate calculations and workflows to an AI-ready enterprise software platform — and had the technical, design, and domain expertise to build it. I see clear parallels and a comparably sized market opportunity to the core system modernization for P&C insurance led by my former company, Guidewire Software.”
Marcus Ryu, General Partner, Battery Ventures
