FundGuard Secures $100 Million in New Funding for AI-Powered Accounting Platform

FundGuard, a startup specializing in cloud-based, artificial intelligence-driven accounting solutions for asset managers, has successfully secured $100 million in new funding. This Series C round was spearheaded by Key1 Capital, an Israel-based fund, and also saw participation from Euclidean Capital LLC, and funds managed by Hamilton Lane. The backing from these major global investment firms consolidates FundGuard's position and signifies confidence in its innovative accounting platform.