Lead Edge Capital closes $3.5 billion Fund VII for growth-stage software and internet investing
Lead Edge Capital, a New York-based growth equity firm investing in software, internet and technology-enabled businesses, announced on March 23, 2026 the close of Fund VII with $3.5 billion of commitments. The firm said the fund was oversubscribed, is its largest to date and brings its total capital raised since inception to $9 billion.
Lead Edge targets investments of $50 million to $400 million per company in private and public technology businesses and makes both minority and majority investments. Its screening framework, the "Lead Edge 8", looks for criteria such as $10 million-plus revenue, 25%-plus annual growth, 70%-plus gross margins, recurring revenue and 90%-plus gross retention. Founder and Managing Partner Mitchell Green built the firm around a network of limited partners made up of operators and executives, which grew from 80 LPs in Fund I to more than 700; the firm says it has facilitated nearly 17,000 introductions between LPs and portfolio companies. Lead Edge has offices in New York City, Santa Barbara and London.
Current holdings listed on its site include Akuity, Cove, GrowthZone, Grafana Labs, Help Scout, Holistiplan, LiveView Technologies, PaceMate, Pepper, Revenue Analytics and Workiz; past investments include Duo Security, SafeSend, Spotify, Toast and Wise.
Lead Edge Capital, "Lead Edge Capital Announces $3.5 Billion for Fund VII", March 23, 2026
