Capitolis, a New York, London and Tel Aviv-based provider of a SaaS platform that drives financial resource optimization for capital markets, closed a $90m Series C funding.
The round, which brings total funding to date to $170m, was led by Andreessen Horowitz with participation from existing investors Index Ventures, Sequoia Capital, S Capital, Spark Capital, SVB Capital, Citi, J.P. Morgan and State Street.
The company intends to use the funds to drive further innovation in its technology and product development, bolster customer support and sales and grow its team from 90 employees to over 150 by year’s end.
Led by Gil Mandelzis, CEO and founder, and Tom Glocer, co-founder and executive chairman, Capitolis provides banks, asset managers and hedge funds across the market ecosystem with a technology platform that allows them to free up capital and safely remove barriers that would otherwise restrict growth.
More than 75 financial institutions, as well as many hedge funds and asset managers, currently leverage the technology.