FundGuard provides a cloud-native, AI-powered SaaS platform for investment accounting and operations across multiple asset classes. The platform targets asset managers, fund administrators, custodian banks, and asset owners, supporting mutual funds, ETFs, hedge funds, insurance products, and pension funds. FundGuard emphasizes cloud migration, operations automation, AI-based insights, and resiliency to modernize and streamline investment accounting workflows. The company reports new client acquisition, customer onboarding activity, and significant hiring across Customer Success, R&D, Product Management, and Sales, and has opened offices in Boston, London, and Toronto. Founded in 2018, FundGuard is backed by strategic partners including Citi and State Street and investment firms such as Blumberg Capital, Key1 Capital, LionBird Ventures, and Team8. The company has raised a total of over $150 million to date and highlights experienced funds-industry and enterprise cloud technology leadership. FundGuard says it will continue investing in product innovation and in onboarding existing and new customers. FundGuard is a SaaS platform powered by AI that supports investment management and fund administration across mutual funds, ETFs, hedge funds, insurance products and pension funds. The platform emphasizes digital transformation, operations automation, AI-based insights, resiliency, and migration to the cloud. FundGuard has launched an enhanced investment accounting solution that includes support for digital assets. The company reported customer wins with asset managers, fund administrators and custody banks in the 12 months prior to this round. Led by CEO Lior Yogev, FundGuard also appointed John Lehner, a former State Street and BNY Mellon executive, as president. The company is based in New York and Tel Aviv and intends to use the new funds to accelerate growth and attract talent. FundGuard offers an AI-powered, cloud-native enterprise SaaS platform that automates investment management and asset servicing across mutual funds, ETFs, alternatives, insurance products, and pensions. The platform emphasizes real-time, single-source-of-truth data, anomaly detection, AI-based insights, and modern workflows to improve operational efficiency and reduce costs. FundGuard positions its product as a replacement for decades-old legacy systems that struggle with today's volumes and cross-asset complexity. The company says the new funding will spur product development to support partnerships with several of the world’s largest fund administrators and asset managers and to meet increasing demand from alternative funds and insurance companies. FundGuard is trusted by asset managers and fund administrators and supports migration to the cloud, resiliency, and operations automation. The company is also expanding its executive team with hires including Kirk Littleton and Alan Schneider to grow sales and commercial execution. FundGuard offers a cloud-based investment funds operating system powered by AI and machine learning. Its platform serves asset managers, custodian banks and fund administrators across mutual funds, ETFs, separately managed accounts, pension funds and insurance. The product uses machine learning and AI to identify unstructured financial and operational anomalies and potential fraud, providing real-time support with insights and recommendations. The company plans to use the seed capital to accelerate development of its platform and a Contingency NAV product and to bring operational efficiencies afforded by AI and cloud technologies to market. FundGuard raised $4M in seed funding to support these efforts. The company was founded by Lior Yogev, Yaniv Zecharya and Uri Katz and is based in New York City.

Total raised

$156M

Funding rounds

4

Latest round

Series C

Latest activity

Mar 2024