Capital markets fintech Capitolis has raised $110 million in a Series D funding round, valuing the company at $1.6 billion.
Capitolis CEO and founder Gil Mandelzis
Former US counsellor to the secretary of the treasury Jeffrey Goldstein, who sits on the board of directors of BNY Mellon, and former UK chancellor George Osborne have joined the company’s board of directors. Canapi Ventures partner Dan Beldy has also joined the board.
Capitolis co-founder and executive chairman Tom Glocer says the addition of Osborne, Goldstein and Beldy will help guide Capitolis as it scales its technology and presence in global markets.
The funding round was led by Canapi Ventures, Osborne’s 9Yards Capital and SVB Capital. Existing investors a16z, Index Ventures, Sequoia Capital, S Capital, Spark Capital, Citi, State Street and JP Morgan also participated, among others. To date, Capitolis has raised $280 million.
Founded in 2017, Capitolis is a capital marketplace that enables financial institutions to optimise resources, execute with new market participants and access more diversified capital.
Capitolis pitches itself as a company that “combines deep capital markets expertise with a Silicon Valley mindset to bring the sharing economy to the forefront of the financial services industry”.
“Over the past two years, our vision to reinvent capital markets has gained tremendous momentum as we have tripled our revenue, customer base and team,” says Capitolis CEO and founder Gil Mandelzis.
“In two years the capital marketplace business has transacted more than $60 billion notional from over 30 investors with Capitolis optimising more than $13 trillion in trades through its compression and novation engine.”
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