Lead Edge Capital Raises $3.5 Billion for Software-Focused Fund

Lead Edge Capital managing partners Mitchell Green, Brian Neider and Nimay Mehta. — Lead Edge Capital managing partners Mitchell Green, Brian Neider and Nimay Mehta.Source: Lead Edge Capital

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March 23, 2026 at 10:00 AM UTC

Lead Edge Capital, a growth equity firm that has backed ByteDance Ltd., Spotify Technology SA and startup Grafana Labs, has raised $3.5 billion for its seventh fund to focus on software investments even as other investors dump stocks in the sector.

The new fund will primarily invest in private companies, Lead Edge said in a statement on Monday.