FundGuard closes US $100m Series C funding round 25 March 2024US Reporter: Jack McRae
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FundGuard has closed its Series C funding round that generated US $100m.
The New York-based multi-asset class investment accounting and fundtech specialist saw investment from existing investors including Blumberg Capital and Team8.
Lior Yogev, CEO and co-founder of FundGuard, is excited by the investment. She says: “This latest significant investment round reflects the ongoing support of the industry, the confidence our investors have in the value our products bring to the market, and their trust in our leadership and strategic roadmap.”
This latest round of investment was led by Key1 Capital and new investors including Euclidean Capital and funds managed by Hamilton Lane.
Amit Pilowsky, co-founder and managing partner at Key1 Capital, adds: “It is rare to witness a company at this stage receiving significant attention from the largest and most sophisticated clients in an industry dominated by incumbents. This serves as a testament to just how valuable and unique FundGuard’s solution is.”
FundGuard is a cloud-native, AI-powered, SaaS platform for investment management and administration. The service manages mutual funds, ETFs, hedge funds, insurance products and pension funds and supports digital transformation.
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