Israeli Investment Management Company Raises $100M

FundGuard, an Israeli startup using AI to manage financial investments, has closed its latest funding round at $100 million.

The round was led by Tel Aviv VC Key1 Capital alongside existing investors Blumberg Capital and Team8 as well as new backers including Euclidean Capital, which is headquartered in New York. 

The Series C round brings to $150 million the total amount raised by the company in the six years since its establishment. 

FundGuard is an AI-powered, cloud-based platform for asset managers and owners, banks and fund administrators to manage investments across mutual funds, insurance policies, pensions and more.

“FundGuard is shaping the future of investment and fund accounting,” said the company’s co-founder and CEO Lior Yogev. 

“This latest significant investment round reflects the ongoing support of the industry, the confidence our investors have in the value our products bring to the market, and their trust in our leadership and strategic roadmap,” he said. 

“The exceptional team at FundGuard has developed a unique, cutting-edge technology platform over the last five years, empowering asset managers and fund administrators with a timely, accurate and cost-efficient solution to support their investment accounting operations,” said Amit Pilowsky, co-founder and managing partner of Key1 Capital.