FundGuard Secures $100 Million in Series C Funding Led by Key1 Capital

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FundGuard, a US-based investment management platform, has successfully raised $100 million in its Series C funding round. Key1 Capital led the funding round, with new investors Euclidean Capital and Hamilton Lane joining alongside previous backers Blumberg Capital and Team8.

This funding round marks a significant milestone for FundGuard, coming nearly two years after the company raised $40 million in its Series B round in April 2022. With this latest investment, FundGuard’s total funding to date stands at $155 million.

Established in 2018, FundGuard offers a Software-as-a-Service (SaaS) investment accounting platform tailored to assist asset managers and their service providers in managing various financial products such as mutual funds, ETFs, hedge funds, insurance products, and pension funds. The platform leverages AI-powered insights to modernize and streamline investment accounting operations and workflows.

FundGuard intends to utilize the newly acquired funds to further enhance product development efforts and expedite the deployment of new capabilities. Additionally, the company plans to expand its market presence, having already established new offices in Boston, London, and Toronto since its Series B funding round.