Capitolis Secures $90 Million Series C Funding

Financial resource optimisation SaaS provider Capitolis has closed a $90 million Series C funding round led by Andreessen Horowitz, a Silicon Valley-based venture capital firm that backs transformational companies and bold entrepreneurs disrupting their industries with next-generation technology.

“We launched Capitolis four years ago to fundamentally re-imagine how the capital markets operate,” says Gil Mandelzis, CEO and founder of Capitolis. “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.”

Alex Rampell, partner at Andreessen Horowitz, adds, “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.”

The funding round, which included participation from existing investors Index Ventures, Sequoia Capital, S Capital, Spark Capital, SVB Capital, Citi, JP Morgan and State Street, brings Capitolis’ total funding to date to $170 million.

“The market has spoken. Capitolis is building the financial system of the future,” says Tom Glocer, co-founder and executive chairman of Capitolis. “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.”

Okan Pekin, global head of securities services at Citi, meanwhile says, “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.”