Capitolis completed $220 million in financing, including a $120 million Series E equity round at a $1.9 billion valuation. Citi led the equity financing as an existing investor.
New strategic investors Bank of America, Nomura, and Tradeweb Markets participated alongside existing investors Barclays, BNP Paribas, J.P. Morgan, State Street, and UBS.
Additional existing and new financial investors also participated.
The remainder of the financing includes debt from First Citizens Innovation Banking, Hercules Capital, and Pinegrove Venture Partners.
Capitolis plans to use the financing to support its acquisition of eSecLending.
The transaction will add securities lending capabilities and expand Capitolis’ network of institutional asset owners.
Capitolis operates Capital Marketplace and Portfolio Optimization businesses designed to help financial institutions address funding, capital, and balance sheet requirements.
The company said the addition of eSecLending will expand its financial resource optimization platform and support further innovation in securities lending.
FT Partners served as exclusive strategic and financial advisor to Capitolis.
WilmerHale served as legal advisor to Capitolis, while Goodwin Procter advised the banks.
KEY QUOTES:
“We are pleased to have led this financing round, bringing together a group of strategic investors in support of Capitolis’ next phase. The transaction reflects our continued focus on investing selectively in businesses shaping the infrastructure and evolution of global capital markets.”
Siris Singh, Global Head of Markets Strategic Investments at Citi
“By combining eSecLending’s network of institutional asset owners with Capitolis’ financial resource optimization platform, this deal creates real opportunities to bring more automation and efficiency to a market that has historically relied on manual processes.”
Serene Murphy, Global Head of Corporate Development at Tradeweb
“This Series E financing is a great milestone for Capitolis and a strong endorsement of our vision and ability to execute on it.”
Gil Mandelzis, Founder and CEO of Capitolis
