We're thrilled to welcome Marcus Ryu, General Partner at Battery Ventures, and former co-founder and CEO of Guidewire Software (NYSE: GWRE), to our Board of Directors. Marcus's experience building category-defining enterprise software will be invaluable as we enter our next stage of growth. In the last year, Maybern has grown to support more than $80 billion in assets under management across over 150 fund vehicles, and that growth is only accelerating. This funding is a great milestone, but we’re most excited about what comes next.

Why Private Fund Finance Needs Better Infrastructure

Private funds now manage more than $16 trillion in capital, and that figure is projected to double to over $32 trillion by 2030, according to Preqin’s Private Markets in 2030 report (2025). The front end of the industry has modernized, capital can be raised faster than ever, transactions are increasingly digital, and investors expect transparency on demand. But fund finance still runs on spreadsheets and manual processes that can’t keep pace with today’s scale and accelerating growth. Every quarter, billions of dollars move through fragile models. Teams of brilliant professionals spend countless hours validating numbers instead of generating insights. It doesn’t have to be this way.

Building Fund Management Software

At Maybern, our mission is to build the financial infrastructure private markets have been missing and to empower the Modern Fund CFO to lead with strategy, not spreadsheets. We’re creating the Performance Book of Record: a single system that automates, audits, and explains fund performance end-to-end. It’s the backbone of a new category, Fund Management Software, designed for governance, transparency, and traceability across every calculation. By replacing fragmented spreadsheets and manual workflows with structured intelligence, automation, and real-time analytics, Maybern gives managers an authoritative, deterministic, and audit-ready view of their data.

When data is trustworthy and logic is explicit, reconciliation loops shrink, closes happen faster, and reporting becomes both accurate and explainable. Finance teams can finally move beyond reactive reporting to deliver insights that shape firm performance. That’s where things are really exciting. For us, creating a perfect model of a fund in software is only the first step.

Once that foundation exists, it unlocks downstream capabilities that weren’t possible before: sophisticated scenario modeling, intelligent decision support, and agentic workflows that can shoulder increasing parts of the operational process. The long-term opportunity is far bigger than replacing spreadsheets – it’s redefining how fund operations work. 

Thank You

To our customers, thank you for your trust and for pushing us to build with rigor and speed. To our team, thank you for proving that precision and persistence can move an entire industry forward. And to our investors, thank you for your conviction and for backing the infrastructure this industry needs.

We’re just getting started.

Ross Mechanic

Co-Founder & CEO, Maybern