Blumberg Capital, LionBird Ventures and Team8 Capital joined the spherical for FundGuard, which has developed a platform that’s utilized by asset managers and fund directors to handle investments throughout mutual funds and ETFs, alternate options, insurance coverage, and pensions.
The expertise guarantees to automate fund administration and administration, boosting funding efficiency by way of its AI capabilities and lowering prices with workflows and collaboration capabilities.
John Lehner, a former State Avenue govt who’s now FundGuard president, says: : “By harnessing the cloud and AI, our expertise permits our purchasers to be more economical and provide new and progressive merchandise at scale.
“This new funding will enable us to speed up our development and proceed to draw high expertise in order that we will meet the demand we’re seeing from asset managers and repair suppliers who understand their legacy expertise, merely put, prices an excessive amount of and may’t do what they want it to do.”,Citi and State Avenue have joined a $40 million Collection B funding spherical for AI-powered SaaS funding administration and asset servicing enterprise platform FundGuard.,
