Key1 leads FundGuard's $100 million Series C funding round, highlighting the urgent need for innovation in the investment management software sector within Israel's thriving fintech ecosystem.
Target Information
FundGuard is a pioneering accounting and investment software solution specifically designed for asset managers. Founded by Lior Yogev, Yaniv Zecharya, and Uri Katz, the company aims to address the complexities faced by asset management firms in today’s rapidly evolving financial landscape. FundGuard recently secured $100 million in Series C funding, marking a significant milestone as one of the largest growth rounds for Israeli startups this year.
Industry Overview
Israel's fintech ecosystem is thriving, having produced numerous innovative companies. The investment management sector within this ecosystem represents an emergent and critical area requiring innovation, particularly in light of outdated legacy systems that dominate the industry. These systems, many of which were implemented decades ago, limit the potential for forward-thinking technology solutions.
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The global asset management market is substantial, with over $100 trillion in assets under management (AUM) and a consistent compound annual growth rate (CAGR) of 7% over the past decade. The
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Key1
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FundGuard
in 2023
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Disclosed details
Transaction Size: $100M