Fintech Capitolis raises $20 million from Citi, Morgan Stanley, State Street and UBS
Fintech Capitolis raises $20 million from Citi, Morgan Stanley, State Street and UBS
Each bank will invest $5 million and receive a representative on the Board of Directors.
Fintech company Capitolis announced on Monday new strategic investments from four leading global banks. The new round is led by Citi and includes State Street, both existing investors in Capitolis, as well as new investors Morgan Stanley, and UBS. Each bank will invest $5 million and will join other existing investors including Andreessen Horowitz (a16z), Index Ventures, Sequoia Capital, S Capital, Spark Capital, SVB Capital, Canapi Ventures, 9Yards Capital, Standard Chartered and J.P. Morgan.
Capitolis raised a $110 million Series D at a $1.6 billion valuation in March 2022. The company did not disclose its valuation in the latest funding round. Capitolis, which has raised a total of around $300 million to date, employs 130 people in Israel and the U.S.
Founded in 2017, Capitolis has developed a software as a service (SaaS) platform that provides financial resource optimization for capital markets, and enables financial institutions to allocate their capital more efficiently and in line with the constantly changing regulatory landscape.
“Capitolis has been partnering closely with the industry to make the financial markets safer and stronger within a well-regulated system, and we have seen tremendous growth because of this,” said Gil Mandelzis, CEO and Founder of Capitolis. “Our partnership with the world’s leading banks over the last few years has been terrific and we are excited to expand these relationships as well as add more of the world’s foremost financial institutions as both investors and board members.”
Capitolis was founded in 2017 by Mandelzis, Tom Glocer, and Igor Teleshevsky. Mandelzis serves as CEO, and is one of the former founders of the fintech company Traiana which was acquired by ICAP for $300 million in 2007. Glocer serves as Executive Chairman, and in the past served as the CEO of Thomson Reuters. Teleshevsky serves as the VP of R&D, and in the past was Executive Vice President of Traiana and later CIO at ICAP.
