FundGuard is a technology company.
FundGuard has raised $116.0M across 3 funding rounds.
Key people at FundGuard.
FundGuard has raised $116.0M in total across 3 funding rounds.
Key people at FundGuard.
FundGuard is a fintech company offering a cloud-native, AI-powered SaaS platform for investment accounting, delivering services like accounting, investment book of records (IBOR), and net asset value (NAV) calculations.[1][2][3] It serves asset managers, asset owners, custodian banks, fund administrators, and other service providers, solving legacy system inefficiencies by enabling real-time, multi-book accounting across all asset classes, products (e.g., mutual funds, ETFs, hedge funds), and jurisdictions to handle trillions in portfolios with reduced manual effort and enhanced accuracy.[1][2][3] The platform drives growth through awards like Best Machine Learning Development and Best Disruptive Solution in 2024, recent executive hires like VP of Engineering in 2025, and adoption by leading global institutions for foundational operational shifts.[1][3]
FundGuard was founded in 2018 in New York by CEO and co-founder Lior Yogev, who brings deep expertise from roles including Head of North America at Multifonds (sold to Temenos), technology investment banking at Goldman Sachs, software development at Radware, and service in Israel's elite intelligence Unit 8200; he holds an MBA from Columbia and BSc from Tel Aviv University.[1][4] The idea emerged from decades of industry collaboration spotting outdated tech failing against rising complexity, regulations, and demands—seven years ago (circa 2018 launch), founders rejected legacy upgrades for a bold, ground-up build on cloud-native, big data, API-first, and AI foundations to eliminate batch bottlenecks and enable proactive accounting.[2] Early traction built through close client partnerships for co-designed implementations, evolving to power top asset managers and servicers with scalable, open solutions.[2]
FundGuard rides the fintech wave of digital transformation in asset servicing, where legacy systems buckle under complex regulations, new asset classes (e.g., alternatives), and investor demands for speed and transparency—its timing aligns with cloud/AI adoption post-2018 to deliver scalability amid trillions in AUM growth.[2][3] Market forces like operational risk reduction, cross-segment automation, and data insights favor it, as global institutions seek integrated platforms over fragmented tools.[1][3] It influences the ecosystem by enabling servicers and managers to redesign models around openness and trust, powering tech-forward operations and earning accolades that validate disruption in a stagnant industry.[2][3]
FundGuard's trajectory points to accelerated enterprise wins and platform expansions, leveraging 2025 leadership additions and award momentum to capture more of the asset servicing market amid AI-driven efficiency demands.[1][3] Trends like regulatory evolution, alternative assets proliferation, and real-time data needs will propel it, potentially evolving from newcomer to core infrastructure for front-to-back operations at scale.[2] As a modern antidote to legacy woes, it positions agile players to thrive in transformation.
FundGuard has raised $116.0M in total across 3 funding rounds.
FundGuard's investors include Hanaco Ventures, IGNIA Partners, Mouro Capital, Pitango Venture Capital, Quona Capital, Team8, Vertex Ventures Israel, Flavio Dias, Paulo Piccini, Boston Seed Capital, Hyperplane Venture Capital, Reciprocal Ventures.
FundGuard has raised $116.0M across 3 funding rounds. Most recently, it raised $100.0M Series C in March 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2024 | $100.0M Series C | Hanaco Ventures, IGNIA Partners, Mouro Capital, Pitango Venture Capital, Quona Capital, Team8, Vertex Ventures Israel, Flavio Dias, Paulo Piccini | |
| Feb 1, 2021 | $12.0M Series A | Boston Seed Capital, Hanaco Ventures, Hyperplane Venture Capital, Pitango Venture Capital, Reciprocal Ventures, Team8, Vertex Ventures Israel | |
| Oct 1, 2018 | $4.0M Seed | Cisco Investments, Core Innnovation Capital, FinTLV Ventures, IGNIA Partners, Mouro Capital, MS&AD Ventures, Quona Capital, Symbol VC, Flavio Dias, Paulo Piccini |
