New investments will support continued rapid growth for Capitolis
A representative from each bank will join the Board of Directors
Capitolis, the technology company helping to create safer and more vibrant capital markets, today announced new strategic investments 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 J.P. Morgan.
The transaction and the funds it will generate will be used to fuel Capitolis' growth across both its Capital Marketplace and Portfolio Optimization businesses. With an experienced and passionate team of global financial and technology executives, and some of the most innovative solutions in the industry, Capitolis has become a strategic partner to the financial industry. Its unique approach to working side-by-side with its customers to understand their core optimization issues and help solve for them is seen as a true differentiator.
The need for the products Capitolis offers is expanding and as a result the company is seeing strong business momentum in terms of revenue growth, network participation and new product releases. Capitolis has been named as one of CNBC's World's Top Fintech Companies, World's Best FX Software Provider in the Euromoney Foreign Exchange Awards, and one of Fast Company's World's Most Innovative Companies.
"Capitolis has been partnering closely with the industry to make the financial markets safer and stronger within a well-regulated system, and we have seen tremendous growth because of this," said Gil Mandelzis, CEO and Founder of Capitolis. "Our partnership with the world's leading banks over the last few years has been terrific and we are excited to expand these relationships as well as add more of the world's foremost financial institutions as both investors and board members."
"State Street is excited to continue our long-standing partnership with Capitolis. Welcoming additional key bank investors will further accelerate Capitolis' success in capital markets optimization products," said Tobias Krause, senior managing director, Risk and Capital Optimization at State Street.
About Capitolis
We believe the financial markets can and should work for everyone. Capitolis is the technology company helping to create safer and more vibrant financial markets by unlocking capital constraints and enabling greater access to more diversified capital and investment opportunities. Rooted in advanced technology and deep financial expertise, Capitolis powers groundbreaking financial solutions that drive growth for global and regional banks and institutional investors alike. Capitolis is backed by world class venture capital firms, including Canapi Ventures, 9Yards Capital, SVB Capital, Andreessen Horowitz (a16z), Index Ventures, Sequoia Capital, Spark Capital, and S Capital, as well as leading global banks such as Citi, J.P. Morgan, Morgan Stanley, Standard Chartered, State Street and UBS.
Founded in 2017, our team brings decades of experience in launching successful startups, technology, and financial services. Capitolis was named to Fast Company's prestigious annual list of The World's Most Innovative Companies for 2023, named World's Best FX Software Provider for the second consecutive year in the 2024 Euromoney Foreign Exchange Awards, and included on each of CNBC's World's Top Fintech Companies 2024 list and Deloitte's 2024 Technology Fast 500 list for the second straight year. American Banker recognized Capitolis among the Best Places to Work in Fintech, and the company was named by Crain's New York Business as one of New York's Best Places to Work in 2024 for the third consecutive year. For more information, please visit our website at www.capitolis.com or follow us on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241125945452/en/
Contacts:
Edward Ruddy
Sloane Company
eruddy@sloanepr.com
Brian Zilberfarb
Capitolis
brianz@capitolis.com
