Capital markets FinTech Capitolis has raised $110m in Series D funding, bringing it to a $1.6bn valuation.
FinTech investors Canapi Ventures, 9Yards Capital and SVB Capital co-lead the round. Existing investors included a16z, Index Ventures, Sequoia Capital, S Capital, Spark Capital, Citi, State Street and J.P. Morgan. To date, Capitolis has raised $280m.
Jeffrey Goldstein, former US under secretary of the Treasury for Domestic Finance and Counsellor to the secretary of the treasury; and George Osborne, former UK chancellor of the exchequer, have joined the board of directors.
Capitolis said it combines deep capital markets expertise with a “Silicon Valley mindset” to bring the sharing economy to the forefront of the financial services industry. The company enables banks, investors and institutional clients to expand their reach through a collaboration platform and gateway to connect opportunities with a democratised model of institutional capital, safely removing barriers that would otherwise restrict growth in the market.
Gil Mandelzis, CEO and founder of Capitolis, said, “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.
“We are just scratching the surface on reimagining the capital markets. We are thrilled to have partners like Canapi, 9Yards, and SVB Capital who bring strategic expertise, a true passion for the mission and a powerful network to leverage as we embark on our next chapter of growth.”
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