US investment management platform FundGuard bags $100m Series C funding
New York-headquartered investment management and administration platform FundGuard has raised $100 million in a Series C funding round.
FundGuard lands $100 million in Series C funding round
The round was led by Key1 Capital and featured participation from new investors Euclidean Capital and Hamilton Lane alongside previous backers Blumberg Capital and Team8, among others.
The latest capital injection comes almost two years since the firm bagged $40 million in a Series B round in April 2022 and takes its total funding to date to $155 million.
Founded in 2018, FundGuard offers a Software-as-a-Service (SaaS) investment accounting platform built to help asset managers and their service providers to manage mutual funds, ETFs, hedge funds, insurance products and pension funds with the support of AI-powered insights.
The firm says it utilises AI and cloud-native tech “to modernise and streamline investment accounting operations and workflows”.
It plans to use the new funding to further invest in product development and accelerate the deployment of new capabilities as well as boost its market reach, having already opened new offices in Boston, London and Toronto in the two years since its Series B.
