Fintech Startup FundGuard Raises $4 Million

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.