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Lead Edge Capital closes $520 million growth fund

Illustration: Lazaro Gamio / Axios

Lead Edge Capital, a New York City-based growth equity firm, has closed a $520 million fund. Former NetSuite finance chief Ron Gill is also joining the firm as an operating partner.

Bottom line: Lead Edge may not be as well known as some of its peers, but it's had a number of recent high-profile exits among its portfolio companies, including Spotify, Delivery Hero, Duo Security, ClearScore, and Moat.

1 scooter thing: Earlier this year, the firm invested in scooter rental company Bird, whose founder, Travis VanderZanden, had worked at one of Lead Edge's other investments, Uber.

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