Capitolis, a SaaS platform that drives financial resource optimization for capital markets, completed a strategic investment from Citi, J.P. Morgan and State Street.
The amount of the deal was not disclosed.
Capitolis intends to use the funds from this latest investment to further accelerate its technology and product development, as well as expand sales and marketing initiatives in the months ahead. The transaction represents a collaborative effort by the global financial institutions to drive further adoption of Capitolis’ proprietary technology platform.
Led by Gil Mandelzis, CEO and founder, Capitolis provides a proprietary technology platform which helps financial institutions free up capital and remove barriers that would otherwise restrict trading. The company enables firms to optimize their balance sheet exposures through collaborative technology by eliminating unnecessary positions and finding the most suitable party to hold the remaining positions. To date, Capitolis has eliminated $5 trillion in overall positions for more than 50 financial institutions, including many of the world’s largest banks, as well as leading hedge funds and asset managers.
The announcement follows a $40m Series B funding round in November 2019, led by Spark Capital and SVB Capital, with participation from existing investors Index Ventures, Sequoia Capital and S Capital.
The company operates across offices in New York, London and Tel Aviv.