FundGuard
FundGuard is a cloud-native, AI-enabled SaaS platform that unifies investment accounting (IBOR, ABOR, NAV) across public and private asset classes for asset managers, fund administrators, and asset owners in real time.
- Company typePrivate
- Founded2018
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What FundGuard does
FundGuard is an AI-enabled, cloud-native investment accounting SaaS platform that serves as a unified system of record for asset managers, fund administrators, and asset owners. The platform combines Fund Accounting, Investment Accounting (IBOR), and Private Markets modules within a single multi-book accounting engine that maintains IBOR, ABOR, PBOR, and DBOR from one event-driven core. Unlike legacy batch-based investment accounting systems that process overnight, FundGuard operates continuously and supports equities, fixed income, derivatives, digital assets, private credit, private equity, real estate, and infrastructure within a unified architecture — eliminating the reconciliation burden that arises when public and private asset accounting are maintained on separate systems. The platform is built on AWS and Microsoft Azure infrastructure, with AI embedded directly into the accounting engine rather than layered on top, enabling real-time anomaly detection, automated reconciliation, document intelligence for unstructured private market documents, and agent-to-agent workflow orchestration.
The company sells exclusively through a direct enterprise field sales motion targeting large asset managers, custodian banks, and fund administrators. Pricing is quote-based, structured as annual SaaS subscriptions scaled on assets under management, fund complexity, and mandate count. Strategic investors Citi and State Street co-led the Series B in April 2022, providing ecosystem validation within the global custodian and asset servicing community. FundGuard raised a $100 million Series C in late 2025 led by Key1 Capital with participation from Hamilton Lane, and has expanded physical operations into London, Boston, and Toronto alongside New York (HQ) and Tel Aviv (engineering center). Disclosed enterprise customers include Mondrian Investment Partners (asset manager) and Gryphon Fund Group (fund administrator serving 150+ funds with over $9 billion in assets under administration on the platform). The company is headquartered in New York, was founded in 2018, employs 101–250 people, and has accumulated a portfolio of industry awards recognizing its technology innovation in back/middle office investment operations.
FundGuard firmographics
Firmographics- Name
- FundGuard
- Legal name
- FundGuard, Inc.
- Website
- https://fundguard.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- FundGuard is a cloud-native, AI-enabled SaaS platform that unifies investment accounting (IBOR, ABOR, NAV) across public and private asset classes for asset managers, fund administrators, and asset owners in real time.
- Ownership category
- akta.pro rank
FundGuard industry classification
Industry- Product category
- Investment Accounting Software
- NAICS
- Portfolio Management and Investment Advice (523940)
- akta.pro primary industry
- Fund Governance Support (Board/Trustee, Minutes, Policies, Oversight) (FSAAAMAH)
- akta.pro secondary industry
- Sub-Accounting & Platform Servicing (Omnibus, Intermediary/NSCC, Retirement Platforms) (FSAAAMAI)
Keywords
Where FundGuard is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
FundGuard business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Subscription Licensing: FundGuard operates as a cloud-native SaaS platform providing subscription-based access to its investment accounting platform. Clients pay recurring subscription fees for access to the platform, with pricing based on assets under management, fund complexity, and number of mandates supported.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS subscription model — specific tiers not publicly disclosed |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
FundGuard product offering
Product offeringCore offering
FundGuard provides a cloud-native, AI-enabled multi-tenant SaaS investment accounting platform that unifies the Accounting Book of Record (ABOR), Investment Book of Record (IBOR), and NAV contingency across public and private asset classes, jurisdictions, and investment products in real time. The platform serves asset managers, fund administrators, and asset owners with embedded AI for anomaly detection, document intelligence, and automated reconciliation.
Product overview
FundGuard offers a unified, cloud-native and AI-enabled investment accounting platform that serves as the system of record for investment operations. The platform combines Fund Accounting, Investment Accounting (IBOR), and Private Markets modules within a single multi-book accounting engine. This architecture unifies all books of record across public and private asset classes, jurisdictions, and investment products, delivering real-time positions, multi-view reporting (IBOR/ABOR/PBOR), and cross-asset validation from one ledger. The platform also includes FGX, a community platform for industry collaboration. FundGuard's AI capabilities are embedded natively within the accounting infrastructure rather than layered on top, enabling real-time anomaly detection, automated document intelligence for private markets, and intelligent workflow orchestration.
Differentiator
Problem solved
Functional benefit
Brands
- FGX: FundGuard community platform for industry engagement and thought leadership.
Products and services
- Fund Accounting Core fund accounting platform supporting daily NAV cycles for listed securities, including position keeping across equities, fixed income, derivatives and digital assets, pricing validation, corporate action processing, cash and exposure projections, and investor and regulatory reporting for asset managers and fund administrators.
- Investment Accounting (IBOR) Investment Book of Record providing real-time investment accounting with ABOR and IBOR capabilities and general ledger functions supporting equities, fixed income, and derivatives across funds and separately managed accounts for asset managers and asset owners.
- Private Markets Private markets accounting module handling capital calls and distributions with lifecycle date tracking, commitment tracking and cash-flow projections, NAV and valuation with stale-price handling and valuation-event tracking, LP-style performance and reporting, multi-currency and multi-jurisdiction support, and native private credit support including revolvers, term loans, and delayed drawdown term loans.
Quantifiable outcome
- Operational efficiency: eliminates reconciliation labor by unifying public and private assets on a single platform — no manual aggregation step required
- +3 more outcomes
Companies that use FundGuard
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
FundGuard technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability7 records
Feature6 records
FundGuard partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- GreshamcoreFundGuard and Gresham announced a partnership focused on accounting and data integration services for the financial services industry. The collaboration aims to address growing market demand for consolidated portfolio data and real-time operational oversight capabilities. The partnership integrates FundGuard's multi-book investment accounting capabilities with Gresham's Enterprise Data Management (EDM) solutions.
- IA Engine (Investment Association)minorFundGuard was selected to join the IA Engine Advanced Access Programme — the fintech hub of the UK's Investment Association connecting fintech innovators with leading investment managers. Through this programme, FundGuard engages with UK-based investment managers and industry stakeholders to explore real-world applications of emerging technologies and strengthen collaboration across the UK investment ecosystem.
- Mondrian Investment PartnerscoreMondrian Investment Partners selected FundGuard as its technology partner for cloud-native investment accounting, replacing its legacy investment ledger after a thorough review and proof-of-value process. FundGuard's platform offers real-time investment accounting, ABOR and IBOR capabilities, and general ledger functions supporting equities, fixed income, and derivatives across funds and separately managed accounts. Integrates with Mondrian's existing cloud infrastructure including Salesforce and Denodo.
- Confluence TechnologiescoreConfluence Technologies and FundGuard announced a partnership to integrate their platforms for improved fund reporting and operational efficiency for asset managers and fund administrators. The collaboration aims to streamline fund processes and ensure regulatory compliance with speed and scale.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
FundGuard competitors and assessment
Company assessmentDirect peers
- SS&C Advent (Geneva): SS&C's Advent Geneva is the dominant investment accounting (IBOR/ABOR) platform for buy-side firms globally. Direct overlap with FundGuard across fund accounting, multi-book architecture and asset manager customer base; SS&C is the primary incumbent FundGuard is displacing in bake-offs.
- SimCorp: SimCorp Dimension is a leading front-to-back investment management platform with strong IBOR capabilities, recently acquired by Deutsche Börse. Directly comparable to FundGuard's unified accounting engine targeting institutional asset managers and asset owners.
- Temenos Multifonds: Temenos Multifonds is a fund accounting platform serving global fund administrators and asset managers. Direct competitor in the investment accounting category; notable that FundGuard's Reese Lucas previously held leadership roles at Multifonds.
- Finastra: Finastra's Investran and Fundics platforms provide investment accounting and fund administration capabilities to asset managers and fund administrators globally. Direct peer competing for the same modernization RFPs FundGuard targets.
- Calypso Technology: Calypso provides a cross-asset front-to-back investment and risk management platform with investment accounting capabilities. Comparable as a modern, cross-asset platform targeting capital markets and asset management firms; recently acquired by Adenza/Thoma Bravo.
Broad incumbents
- Broadridge: Broadridge is a large incumbent in investment management technology spanning trade processing, data and reporting. Overlaps with FundGuard in middle/back-office workflows but addresses a broader portfolio; relevant as a competitor for enterprise modernization budgets.
- FIS (Investment Services): FIS offers investment accounting and asset servicing solutions rooted in its SunGard heritage, serving a wide range of buy-side and sell-side institutions. Broad incumbent competing for large enterprise modernization programs that include investment accounting transformation.
Emerging players
- Confluence Technologies: Confluence provides fund reporting, analytics and regulatory data automation. Already a FundGuard integration partner, but also an adjacent competitor in the fund administration technology stack with overlapping customer relationships in fund administrators and asset managers.
- Vermilion Software: Vermilion (now part of Confluence) provides client reporting and investment accounting workflow tools to asset managers and fund administrators. Comparable as a complementary/competing platform in the investment operations data stack.
Others
- MUFG Investor Services (fund accounting): MUFG Investor Services is a large global fund administrator providing fund accounting, NAV and middle-office services. Comparable as both a potential customer (asset services & administrators segment) and an ecosystem participant whose proprietary platform competes for the same modernization budgets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
FundGuard social profiles
Digital presenceFundGuard compliance and trust
Trust signalCompliance1 record
FundGuard financial estimates
Financial estimateRevenue estimate
Valuation estimate
FundGuard leadership team
Management profileNumber of profiles
Profiles9 records
FundGuard funding detail
Funding detailFunding overview
Funding rounds4 records
Investors14 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FundGuard M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FundGuard
What does FundGuard do?
FundGuard provides a cloud-native, AI-enabled multi-tenant SaaS investment accounting platform that unifies the Accounting Book of Record (ABOR), Investment Book of Record (IBOR), and NAV contingency across public and private asset classes, jurisdictions, and investment products in real time. The platform serves asset managers, fund administrators, and asset owners with embedded AI for anomaly detection, document intelligence, and automated reconciliation.
Is FundGuard a public or private company?
FundGuard is a private company. It is classified as venture growth investor backed and is currently operating.
When was FundGuard founded?
FundGuard was founded in 2018. It employs 101 to 250 people.
Where is FundGuard based?
FundGuard is headquartered in New York, United States, in the North America region.
How does FundGuard make money?
One revenue line is on record: saaS Subscription Licensing.
Who are FundGuard's main competitors?
Direct peers on record are SS&C Advent (Geneva), SimCorp, Temenos Multifonds, Finastra and Calypso Technology. Broad incumbents are Broadridge and FIS (Investment Services). Emerging players are Confluence Technologies and Vermilion Software. MUFG Investor Services (fund accounting) is listed as an others.
Does FundGuard have an API?
No public API is recorded for FundGuard.
What industry is FundGuard in?
FundGuard's product category is Investment Accounting Software. Its primary akta.pro industry code is FSAAAMAH, Fund Governance Support (Board/Trustee, Minutes, Policies, Oversight), with a secondary code of FSAAAMAI, Sub-Accounting & Platform Servicing (Omnibus, Intermediary/NSCC, Retirement Platforms). Its NAICS code is 523940.