FundGuard, a cloud and AI-driven SaaS platform for investment managers, has closed its Series C funding round at $100 million.
Led by Key1 Capital, a growth-stage VC fund backing Israeli and European companies, with participation from Euclidean Capital and Hamilton Lane, the investment aims to accelerate product capabilities and expand market reach. Backing from existing strategic investors include Blumberg Capital and Team8.
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The funds raised in this round will be strategically deployed by FundGuard for ongoing investment in product innovation and continued onboarding of existing and new customers.
The $150 million investment round signifies two years of growth marked by client expansion, strategic hiring across departments such as customer success, product management and sales and R&D, and the establishment of new offices in Boston, London, and Toronto.
According to Lior Yogev, CEO and co-founder, FundGuard: “This 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.”
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“The team at FundGuard has developed a unique, cutting-edge technology platform over the last five years, empowering asset managers and fund administrators with a timely, accurate and cost-efficient solution to support their investment accounting operations,” said Amit Pilowsky, co-founder and managing partner, Key1 Capital.
John Lehner, president, FundGuard, added: “With their support and partnership, and the continued dedication of our existing investors and talented team, FundGuard is poised for continued growth and market expansion.”
