Financial Resource Optimization Capitolis Raises $90 Million

By Annie Baker ● April 18, 2021
  • Capitolis, a financial resource optimization for capital markets, announced it has raised $90 million in Series C funding. These are the details.

Capitolis — the leading SaaS platform that drives financial resource optimization for capital markets — announced it has raised $90 million in Series C funding led by Andreessen Horowitz. This funding round – which included participation from existing investors Index Ventures, Sequoia Capital, S Capital, Spark Capital, SVB Capital, Citi, J.P. Morgan, and State Street — brings Capitolis’ total funding to date to $170 million.

Capitolis arms banks, asset managers, and hedge funds across the market ecosystem with an innovative technology platform that allows them to free up capital and safely remove barriers that would otherwise restrict growth. And Capitolis plans to use the funds from this latest investment to drive further innovation in its technology and product development, bolster customer support and sales, and grow its team from 90 employees to over 150 by year’s end.

KEY QUOTES:

“We launched Capitolis four years ago to fundamentally re-imagine how the capital markets operate. Just as Airbnb has brought more capacity to the lodging industry, Capitolis is bringing meaningful additional balance sheet, capital and financing capacity to the market that is structurally and meaningfully constrained to create healthier, more vibrant and growing financial markets. The market’s acceptance and adoption of our friendly disruptive solutions have exceeded our brightest hopes, and we are thrilled to have this significant investment and support from the world’s top technology investors and leading financial institutions to grow and expand much faster.”

— Gil Mandelzis, CEO and founder of Capitolis

“What sets Capitolis apart from other financial services players is the sheer scale of management’s ambition and the substantial talent, technology and capital milestones they have achieved in bringing their innovative services to market. We are proud to support Capitolis through this period of rapid growth.”

— Alex Rampell, partner at a16z

“The market has spoken. Capitolis is building the financial system of the future. With advanced technology, a talented team, a focus on operational excellence and the continued support of our trusted partners, I look forward to our ongoing progress.”

— Tom Glocer, co-founder and executive chairman of Capitolis

“At Citi, we have been impressed with Capitolis’ technology platform and their thoughtful, strategic approach to fostering a more efficient marketplace. We feel the opportunity in front of them is significant and there is a long runway for growth.”

— Okan Pekin, Global Head of Securities Services at Citi