FundGuard: Comes out of stealth with $4M seed round

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FundGuard: Comes out of stealth with $4M seed round

  • FundGuard, a cloud-based investment funds operating system launched and raised $4 million round of funding led by Blumberg Capital and LionBird
  • Plans to use the money to speed up development of its platform and product
  • Helps asset managers, custodian banks and fund administrators manage investments across mutual funds, ETFs, separately managed accounts, pension funds as well as insurance
  • FundGuard believes its technology will fund managers to lower costs so they can better compete with low-fee funds
  • FundGuard was founded by Yogev, Yaniv Zecharya and Uri Katz. The trio met more than 20 years ago as officers in Israel’s Defense Forces’ Unit 8200
  • Katz, the company’s vice-president of R&D, has years of financial technology experience that includes building enterprise cloud systems and ML