FundGuard
FundGuard helps asset managers automate investment accounting and real-time NAV monitoring.
FundGuard is a cloud-native, AI-powered investment accounting platform that serves as a core system of record for asset managers and fund administrators. It automates complex multi-asset accounting workflows, real-time NAV monitoring, and exception management across multiple books of record (IBOR, ABOR, X-BOR). The platform uses machine learning to automatically map financial data from any format (CSV, Excel, XML, screenshots) and transform accounting from reactive to proactive, reducing operational risk and manual effort.
Problem solved
Investment operations teams manually reconcile fragmented accounting data across multiple systems, leading to delayed NAV calculations, operational risk, and labor-intensive exception management.
Target customer
Large asset managers, fund administrators, and institutional investors managing complex multi-asset portfolios requiring real-time consolidated accounting and automated compliance reporting.
Founders
L
Lior Yogev
CEO & Co-Founder
Former Head of North America at Multifonds (acquired by Temenos), technology investment banker at Goldman Sachs, and software development leader at Radware. Unit 8200 veteran. MBA from Columbia University, BSc in Computer Science and Management from Tel Aviv University.
Y
Yaniv Zecharya
CTO & Co-Founder
Led AI R&D at Salesforce and co-founded BlueTail (acquired by Salesforce), a machine learning sales insights company. Unit 8200 veteran with deep expertise in AI and enterprise systems.
U
Uri Katz
VP R&D & Co-Founder
Enterprise fintech veteran with years of experience building cloud systems and machine learning solutions. Unit 8200 veteran.
Funding history
Seed
$4.5M
October 2018
Led by Blumberg Capital
Series A
$12M
February 2021
Led by Team8
· Blumberg Capital, LionBird Ventures, Jack Klinck, Heidi Miller, Jay Mandelbaum, Stanton Green, Mindset Ventures, Maccabee Ventures
Series B
$40M
April 2022
Led by Citi, State Street Corp
· Blumberg Capital, LionBird Ventures, Team8 Capital
Series C
$100M
March 25, 2024
Led by Key1 Capital
· Euclidean Capital, Hamilton Lane, Blumberg Capital, Team8
Total raised:
$156M
Pricing
Not publicly available. Enterprise SaaS model with custom pricing.
Notable customers
State Street, Ultimus Fund Solutions, Mondrian Investment Partners, Gryphon
Tech stack
GSAP (JavaScript frameworks)
imagesLoaded (JavaScript libraries)
jQuery UI (JavaScript libraries)
jQuery (JavaScript libraries)
core-js (JavaScript libraries)
Swiper (JavaScript libraries)
YouTube (Video players)
Webpack
RSS
Open Graph
WordPress (Blogs)
HubSpot Analytics (Analytics)
Google Analytics (Analytics)
Matomo Analytics (Analytics)
Font Awesome (Font scripts)
Google Font API (Font scripts)
Nginx (Reverse proxies)
WP Rocket (Caching)
PHP (Programming languages)
Google Workspace (Email)
HubSpot (Marketing automation)
MySQL (Databases)
Google Tag Manager (Tag managers)
Elementor (Page builders)
Yoast SEO (SEO)
Amazon Web Services (PaaS)
WP Engine (PaaS)
HubSpot Cookie Policy Banner (Cookie compliance)
AccessiBe (Accessibility)
HubSpot WordPress plugin (WordPress plugins)
Ultimate Addons for Elementor (WordPress plugins)
Priority Hints (Performance)
Website
Competitors
Temenos
Broader banking and wealth management platform; FundGuard focuses specifically on real-time investment accounting with AI automation.
Black Diamond (Morningstar)
Broader wealth management platform; FundGuard specializes in multi-book accounting and automated exception management.
SS&C Technologies
Legacy investment operations provider; FundGuard is cloud-native with modern AI/ML capabilities for real-time processing.
Why this matters: FundGuard represents a generational shift in investment operations, using AI and cloud infrastructure to automate processes that have remained largely manual for decades. With $156M in funding backed by Citi and State Street, plus recent adoption by major asset managers, it signals strong market demand for modernizing legacy investment accounting systems.
Best for: Large asset managers and fund administrators requiring real-time multi-asset accounting, automated compliance, and shadow NAV monitoring with minimal manual intervention.
Use cases
Real-time Shadow NAV Monitoring
Asset managers use FundGuard to automatically calculate shadow NAVs across complex multi-asset portfolios in real-time, enabling faster redemption processing and reduced operational delays. The platform's AI flags discrepancies instantly, eliminating daily reconciliation cycles.
Automated Exception Management
Fund administrators upload daily transaction files and FundGuard automatically maps and validates entries, flagging exceptions for human review. This reduces manual data entry errors by 80%+ and accelerates month-end close.
Multi-Book Accounting Consolidation
Large asset managers maintain IBOR, ABOR, and X-BOR systems. FundGuard consolidates all three into a single cloud-native platform with unified reporting, eliminating fragmented spreadsheet-based processes and improving audit readiness.
Legacy System Replacement
Institutions replacing aging investment ledger systems select FundGuard for its modern cloud architecture, real-time exception management, and seamless reporting. Mondrian Investment Partners chose it after evaluating multiple competitors.
Alternatives
SS&C Advent
Mature but legacy platform with slower innovation cycles; FundGuard offers cloud-native architecture and real-time AI-driven automation.
Charles River IMS
Focused on portfolio management; FundGuard specializes in real-time accounting and NAV calculation with modern cloud infrastructure.
Temenos Infinity
Broader banking platform; FundGuard is purpose-built for investment accounting with deeper multi-asset and multi-book capabilities.
FAQ
What does FundGuard do? +
FundGuard is a cloud-native, AI-powered investment accounting platform that automates real-time NAV calculation, exception management, and compliance reporting across complex multi-asset portfolios. It serves as a system of record supporting multiple books of accounting (IBOR, ABOR, X-BOR) and uses machine learning to automatically map, validate, and reconcile financial data from any source format.
How much does FundGuard cost? +
Pricing is not publicly available. FundGuard uses an enterprise SaaS model with custom pricing based on AUM, number of funds, and transaction volume. Contact their sales team for a quote.
What are alternatives to FundGuard? +
Key alternatives include SS&C Advent (legacy but established), Charles River IMS (portfolio management focused), and Temenos Infinity (broader banking platform). For real-time accounting with modern cloud architecture, FundGuard differentiates with AI-driven automation.
Who uses FundGuard? +
Large asset managers and fund administrators managing complex multi-asset portfolios. Known customers include State Street, Ultimus Fund Solutions, Mondrian Investment Partners, and Gryphon. The platform appeals to institutions seeking to modernize legacy investment accounting systems.
What makes FundGuard different from competitors? +
FundGuard combines cloud-native architecture with AI/ML automation for real-time exception management and shadow NAV calculation. Unlike legacy platforms, it automatically maps and validates data from any format, transforming accounting from reactive reconciliation to proactive control. Strategic backing from major financial institutions (Citi, State Street) validates its enterprise-grade capabilities.
Tags
investment accounting
fund administration
real-time NAV
AI automation
cloud infrastructure
asset management
compliance reporting