Brief

Fintech Startup FundGuard Raises $4 Million

Founded in 2018, FundGuard offers cloud-based investment management and security tools for financial institutions including banks and investment firms

Tel Aviv and New York-based fintech startup FundGuard Inc. has raised $4 million in a seed round led by San Francisco-headquartered early-stage venture capital firm Blumberg Capital and Tel Aviv-based venture capital firm LionBird (Ventures) Ltd., FundGuard announced Thursday. Founded earlier this year, FundGuard offers cloud-based investment management and security tools for financial institutions including banks and investment firms. The company intends to use the funding for research and development and marketing.

 

Idan Nurik, principal at Blumberg's Tel Aviv office. Photo: Michael O'donnell