Capitolis, a technology company helping to create safer and more vibrant capital markets, announced new strategic investments from four leading global banks. The new funding round is led by Citi and includes State Street, both existing investors in Capitolis, and new investors Morgan Stanley and UBS.
Each of these banks will invest $5 million and 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.
The deal and the funds it will generate will fuel Capitolis’ growth across its Capital Marketplace and Portfolio Optimization businesses. And with an experienced team of global financial and technology executives, and some of the most innovative solutions in the industry, Capitolis became a strategic partner to the financial industry. Plus, its unique approach to working side-by-side with its customers to understand their core optimization issues and help solve for them is seen as a true differentiator.
The need for the products Capitolis provides is expanding and as a result the company is seeing strong business momentum in terms of revenue growth, network participation and new product releases.
KEY QUOTES:
“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. 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.”
– Gil Mandelzis, CEO and Founder of Capitolis
“State Street is excited to continue our long-standing partnership with Capitolis. Welcoming additional key bank investors will further accelerate Capitolis’ success in capital markets optimization products.”
– Tobias Krause, senior managing director, Risk and Capital Optimization at State Street
