Lowenstein Sandler represented Maybern, the operating system for private funds, in its $50 million Series B fund raise, bringing the company’s total funding to date to $76 million. This round was led by Battery Ventures, with participation from Primary Venture Partners, Human Capital, MetaProp, Grafton Street Partners, Camber Creek, and Friends & Family Capital.
Maybern’s mission centers on solving fundamental infrastructure problems in fund management by creating a single performance book of record for fund, investor, and investment data. The company’s platform enables fund CFOs to move beyond reactive reporting to deliver strategic insights that drive value for their firms, replacing fragmented spreadsheets and manual processes with automation, controls, and real-time analytics.
Maybern plans to use the new capital to expand its R&D organization and develop AI-driven tooling that further automates fund operations, streamlines audit processes, and enhances reporting capabilities.
The Lowenstein team included Eric Weiner, Juan B. Soto, Christopher W. Raymond, and Lauren N. Russell. Mark P. Kesslen, Sophia Mokotoff, Megan Monson, and Chloe Rippe were also specialists on the deal.