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TLDR:
Key Points:
- FundGuard closes $100M Series C funding round led by Key1 Capital.
- The investment will be used for product innovation and customer expansion.
FundGuard, a cloud-native SaaS platform for investment management, has successfully closed a $100M Series C funding round led by Key1 Capital, with Euclidean Capital and Hamilton Lane also joining as investors. The round saw participation from strategic investors and the company’s earliest financial investors as well. FundGuard, founded in 2018, aims to modernize and streamline investment accounting operations using cloud-native technology and AI capabilities.
This significant round of funding will be used by FundGuard to continue investing in product innovation and onboard existing and new customers. The company has seen significant growth in the past two years, including new client acquisitions, customer onboarding, and the opening of multiple offices in Boston, London, and Toronto.
With a total investment of over $150 million to date, FundGuard is poised for continued growth and market expansion, revolutionizing the investment management industry with its cutting-edge technology platform. The funding round reflects the confidence investors have in the company’s value and strategic roadmap, paving the way for a bright future in the industry.
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