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From Seed to Series C: Blumberg Capital Expands Investment in FundGuard


FundGuard raises more than $155M with $100M Series C to be the industry’s new era investment accounting utility

Congratulations to the FundGuard team on raising $100M in Series C funding – another milestone in their journey to transform investment operations with AI. Blumberg Capital’s latest growth investment in FundGuard is the fourth consecutive round we’ve participated in, starting with leading the Seed in 2018. 

AI has been core to FundGuard’s value proposition from inception. Over the past six years, the team has seen market validation for AI to help asset managers, asset owners, custodian banks and fund administrators move beyond legacy operating models and toward modern investment accounting operations and workflows. 

The company has raised more than $155M, earning the confidence of investors and leading financial institutions such as Citi and State Street. 

“When we first met Lior and team in 2018, we were impressed by the three founders’ technical acumen, but even more excited by the team’s unique and deep industry expertise – and appreciated the magnitude of the market opportunity they were attacking. Lior, Uri and Yaniv continue to outperform on all key metrics and the pain point that FundGuard is addressing has only become more pronounced and acute,” said Bruce Taragin, managing director at Blumberg Capital and FundGuard board member.

Learn more about FundGuard in today’s announcement here.

Celebrating FundGuard’s 5th anniversary in Tel Aviv. Blumberg Capital’s Stanton Green and Bruce Taragin with CEO Lior Yogev

Investing in FinTech

In addition to FundGuard, we’re grateful to be long-term investors to fintech leaders including Addepar, Fundbox , Finaro (acquired by Shift4 [NYSE: FOUR]) and Trulioo. We remain bullish on the sector, recently announcing investments in five additional fintech companies:

Led Seed rounds:

  • Creednz (Miami) – Raised $7M to help businesses battle payment fraud
  • FlowFi (Los Angeles) – Raised $9M to modernize accounting and data-driven insights for entrepreneurs and high-growth businesses
  • Connectifi (NYC) – Raised $3.4M to bring the open source FDC3 standard to the cloud

Follow-on growth investments:

  • Pontera (NYC) – Raised $60M to help millions of Americans retire better by enabling financial advisors to analyze, rebalance, and report on workplace retirement account assets 
  • EasyKnock (NYC) – Raised $28M to provide consumers alternative ways to buy and sell, finance new homes, and utilize their equity


Learn more about growing a fintech startup with these resources: 

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