AI Accounting Startup FundGuard Raises $100 Million in New Funds
Mar 26, 2024 - bloomberg.com
FundGuard, an AI-powered accounting platform for asset managers, has secured $100 million in a Series C funding round. The round was led by Israel-based Key1 Capital fund and included participation from major global investment firms such as Euclidean Capital LLC and funds managed by Hamilton Lane.
The startup offers a cloud-based solution for asset managers, helping to streamline their accounting processes. The new funding will be used to further develop their platform and expand their services.
Key takeaways:
FundGuard, an AI-powered accounting platform for asset managers, has raised $100 million in new funding.
Major global investment firms have participated in the funding round.
The Series C round was led by the Israel-based Key1 Capital fund.
Euclidean Capital LLC and funds managed by Hamilton Lane also joined the funding round.
