Israeli fintech company Capitolis Today it announced a $20 million strategic investment from four leading global banks. The new round is led by Citi and includes State Street, both existing investors in Capitolis, as well as new investors Morgan Stanley and UBS. Each bank will invest $5 million and will join other existing investors including Andreessen Horowitz (a16z), Index Ventures, Sequoia Capital, S Capital, Spark Capital, SVB Capital, Canapi Ventures, 9Yards Capital, Standard Chartered, and JP Morgan.
This investment will be used to further Capitolis’ capital market growth and portfolio optimization work. Thanks to its innovative fintech solutions, Capitolis has become a strategic partner for the financial industry, working side by side with its clients to understand and help solve their core optimization problems. Capitolis is seeing strong growth in revenue, network engagement and new product releases.
“Capitolis has collaborated closely with the industry to make financial markets safer and stronger within a well-regulated system, and we have seen tremendous growth because of this,” said Gil Mandelzis, founder and CEO of Capitolis. “Our partnership with the world’s leading banks over the past few years has been We are excited to expand these relationships as well as add more of the world’s leading financial institutions as both investors and board members.”
Founded in 2017, Capitolis enables banks, investors and institutional clients to expand their reach through a collaboration platform and gateway to connect opportunities with a democratic model of institutional capital, safely removing barriers that may restrict growth in the market. In 2022, the company raised $110 million at a valuation of $1.6 billion, although no financial valuation of the investment was disclosed from global banks.
Published by Globes, Israel Business News – en.globes.co.il – on November 25, 2024.
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