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FundGuard, an Israeli fintech startup that offers an AI-powered SaaS multi-asset class investment management and asset servicing enterprise platform established by veterans of the Israeli military’s cyber defense unit, raised $100 million in a Series C round of funding. The company has now raised over $150 million to date.
A multi-asset class investment is an investment approach that combines different asset classes into a single portfolio. These asset classes can include stocks, bonds, real estate, commodities, and cash equivalents. The goal of a multi-asset class investment is to achieve diversification and reduce risk.
By investing in a variety of asset classes, investors can help protect themselves from losses in any one asset class. For example, if the stock market declines, the value of an investor’s bond holdings may increase, helping to offset some of the losses.
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There are a number of different ways to invest in multiple asset classes. Investors can create their own portfolios by investing in individual stocks, bonds, and other assets. They can also invest in mutual funds or exchange-traded funds (ETFs) that invest in a variety of asset classes.
Founded in 2018 by Lior Yogev (CEO), Yaniv Zecharya (CTO), and Uri Katz (VP R&D), all of whom are veterans of the IDF’s vaunted cyber intellegence unit 8200, FundGuard is a next-generation SaaS (software as a service) platform for investment management and administration that is powered by AI (artificial intelligence). FundGuard helps asset managers and fund administrators to manage mutual funds, ETFs, hedge funds, insurance products, and pension funds, supporting digital transformation, operations automation, AI-based insights, resiliency, and migration to the cloud. FundGuard is backed by strategic partners including Citi and State Street Corp, venture firms Blumberg Capital, LionBird Ventures, and Team8 Capital among others, as well as industry executives Heidi Miller, Jack Klinck, Jay Mandelbaum and others.
“FundGuard is shaping the future of investment and fund accounting,” said Lior Yogev, CEO and Co-Founder, FundGuard. “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.”
“We are thrilled to partner with our newest investors,” said John Lehner, President, FundGuard. “With their support and partnership, and the continued dedication of our existing investors and talented team, FundGuard is poised for continued growth and market expansion.”
