Security News > 2021 > February > FundGuard closes $12M funding round to enter new markets and grow the executive team

New investors participating in this Series A round include banking and asset management executives Jack Klinck, a former State Street and Bank of New York Mellon management committee member; Heidi Miller, an HSBC board director and former President of JP Morgan International; Jay Mandelbaum, former Head of Strategy at JP Morgan Chase, and member of both JP Morgan Chase's and Citigroup's management committees; Stanton Green, a fintech leader and former senior managing director at Guggenheim Capital, as well as Mindset Ventures and Maccabee Ventures.

The financing round brings the total amount of capital raised by FundGuard to $16 million.

"We are thrilled to announce our Series A funding round led by Team8 and joined by several industry veterans," said Lior Yogev, FundGuard CEO and Co-Founder.

"The FundGuard team has built an immensely scalable, cloud-native, intelligent platform to replace cumbersome legacy systems and their innovative offering is precisely what the asset management world urgently needs today."

FundGuard is expanding its executive team with the appointment of Kirk Littleton as Sales Director.

Formerly, Littleton led trading and accounting platform sales at InvestCloud, and brings more than 25 years' investment management technology sales leadership expertise at SunGard and at The Bank of New York Mellon, to FundGuard.

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