US-based financial services marketplace Capitolis secured $110m of series D funding on Tuesday from investors including financial services firms Citi and State Street and investment banking firm JP Morgan.
Venture debt provider Silicon Valley Bank’s equity investment subsidiary, SVB Capital, co-led the round with Canapi Ventures and 9Yards Capital, and it also featured Index Ventures, Andreessen Horowitz, S Capital, Sequoia Capital and Spark Capital.
Founded in 2017, Capitolis has developed a software platform that helps financial institutions optimise their resources and collaborate with each other as well as with investors and clients, facilitating communications and expanding access to resources.
The company said its total funding now stands at $280m, and the round valued it at $1.6bn. Canapi Ventures’ Jeffrey Goldstein and Dan Beldy are joining its board of directors in conjunction with the round, as is 9Yards’ George Osborne, formerly the UK’s Chancellor of the Exchequer.
Andreessen Horowitz led a $90m series C round for Capitolis in March 2021, with Citi, JP Morgan, SVB Capital and State Street also investing. It followed $11m from Citi, State Street and JP Morgan in September 2020.
SVB Capital co-led the company’s $40m series B round with Spark Capital in 2019, investing alongside Index Ventures, Sequoia Capital and S Capital. It came after Capitolis secured $20m in series A funding from Index Ventures the previous year and $9m in seed capital from Sequoia Capital in 2017.
Capitolis founder and chief executive Gil Mandelzis 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.”
