# Maybern

> Maybern is a New York-based fintech building the operating system for private fund finance. Its platform unifies fund accounting, waterfall and fee calculations, capital calls, distributions, and LP reporting into a single 'Performance Book of Record', replacing the spreadsheet sprawl that has long defined the back office of private equity, private credit, and real estate funds. Founded by former Cadre engineers Ross Mechanic and Ashwin Raghu, the company raised a $50M Series B led by Battery Ventures in November 2025 and supports over $80 billion in assets under management.

- **Founded:** 2021
- **Headquarters:** New York, United States
- **Founders:** Ross Mechanic (Co-founder & CEO), Ashwin Raghu (Co-founder & CTO), John Bowman (Co-founder & Chief Business Officer)
- **Team size:** ~94 employees
- **Products:** Performance Book of Record, Fund Intelligence, Distribution Cycle, Open Hub, Compliance Agent
- **Notable:** Raised $50M Series B led by Battery Ventures in November 2025 ($76M total funding to date)., Supports more than $80 billion in assets under management., Powers over 150 fund vehicles.

## Products & services

- **Performance Book of Record** — End-to-end automation of fund performance tracking, replacing spreadsheet-based workflows with structured, auditable intelligence.
- **Fund Intelligence** — Real-time analytics and reporting across fund performance, fees, and investor positions.
- **Distribution Cycle** — Automates capital calls, distributions, and waterfall tier calculations across complex fund structures.
- **Open Hub** — Centralizes financial and operational fund data so teams work from a single source of truth.
- **Compliance Agent** — Supports regulatory compliance and audit workflows for private funds.
- **Snowflake Sync** — Integrates fund data with Snowflake for downstream analytics and data warehousing.

## Achievements

- Raised $50M Series B led by Battery Ventures in November 2025 ($76M total funding to date).
- Supports more than $80 billion in assets under management.
- Powers over 150 fund vehicles.
- Achieved 4.6x year-over-year growth.
- SOC 2 compliant (AICPA SOC 2 badge displayed on site).

## Latest updates

- **2025-11** — Announced $50M Series B led by Battery Ventures; Marcus Ryu joined the board. Plans to expand R&D and build AI-driven tooling for fund operations, audit, and reporting.

## Links

- Website: https://www.maybern.com
- LinkedIn: https://www.linkedin.com/company/maybern

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Profile page: https://yespress.io/maybern
Published by YesPress — https://yespress.io
Last updated: 2026-06-07