# FundGuard

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fundguard

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.fundguard.com
- Total disclosed funding: $160M
- Latest round: Series C (Mar 25, 2024)
- Investors on record: 10

## About

Based in the US, FundGuard Inc. is a financial technology company that specializes in providing cloud-native investment accounting solutions to asset managers, owners, and service providers within the financial services sector.FundGuard Inc. is focused on delivering innovative investment accounting solutions. Founded in 2018 and headquartered in New York, US, the company has completed a total of 5 deals, with the most recent deal occurring on March 25, 2024. FundGuard raised USD 100 mn in its SERIES C funding, led by Key 1 Capital, with participation from investors including Blumberg Capital, Citi Ventures, and State Street Corporation. The founder, Yaniv Zecharya, has a background in financial technology, which has influenced the company's strategic direction.FundGuard primarily offers a cloud-native investment accounting platform that serves asset managers, asset owners, and service providers in the financial services industry. Their core offerings include comprehensive solutions for Accounting, Investment Book of Records (IBOR), and Net Asset Value (NAV) calculations, designed to enhance operational efficiency and ensure regulatory compliance. The platform operates in real-time, providing a single source of truth integrated across various workflows, which streamlines investment operations and incorporates diverse asset classes, including public, private, and digital assets. FundGuard's solutions are targeted at clients in multiple geographical regions, including North America, Europe, and Asia, catering to a diverse client base that includes institutional asset managers, custodians, and financial institutions.The revenue model of FundGuard is primarily based on subscriptions for its software-as-a-service (SaaS) offerings, which cater to a B2B client structure. Clients typically engage in annual or multi-year contracts that provide access to FundGuard's suite of products, allowing them to leverage advanced technology for their investment accounting needs. The pricing structure is tiered, offering various plans that accommodate different levels of service and functionality, tailored to the specific requirements of asset managers and service providers. By employing this subscription model, FundGuard generates recurring revenue streams that support its ongoing innovation and development efforts in the rapidly evolving financial technology landscape.In March 2024, FundGuard Inc. raised USD 100 mn in SERIES C funding led by new investor Key 1 Capital, with participation from returning investors Blumberg Capital, Citi Ventures, State Street Corporation, and Team8 Capital. The company will use the funding to accelerate the development of its management and operation. FundGuard is strategically positioned to launch new products designed to enhance client experience and operational capabilities, with plans to expand into new markets in Asia and Europe by the end of 2025.

## Funding rounds

- Series C, Mar 25, 2024, $100M — Hamilton Lane, Blumberg Capital, Citi Ventures, Euclidean Capital, Team8 Capital, State Street Corporation, Key 1 Capital
- Series B, Apr 19, 2022, $40M — Blumberg Capital, State Street Investment Management, Citi Ventures, LionBird, Team8 Capital
- Series A, Feb 23, 2021, $12M — Blumberg Capital, LionBird, Team8 Capital
- Seed, Jan 6, 2019, $4M — Blumberg Capital, Plug and Play
- Seed, Oct 18, 2018, $4M — Blumberg Capital, LionBird

## Investors

- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Seed, Series A, Series B, Series C
- LionBird (https://capitalatlas.ai/funds/lionbird) — Seed, Series A, Series B
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Team8 Capital (https://capitalatlas.ai/funds/team8-capital) — Series A, Series B, Series C
- State Street Investment Management (https://capitalatlas.ai/funds/state-street-investment-management) — Series B
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series B, Series C
- Hamilton Lane (https://capitalatlas.ai/funds/hamilton-lane) — Series C
- Euclidean Capital — Series C
- State Street Corporation — Series C
- Key 1 Capital (https://capitalatlas.ai/funds/key-1-capital) — Series C