Capitolis, a US-based developer of a software platform that helps financial institutions optimise their resources, has raised $90m in its series C round including four strategic investors.
Financial services firms SVB Capital, Citi, JP Morgan and State Street reinvested in Capitolis.
Venture capital firm Andreessen Horowitz led the round, which also included peers Index Ventures, Sequoia Capital, S Capital and Spark Capital.
Okan Pekin, global head of securities services at Citi, said: “At Citi, we have been impressed with Capitolis’ technology platform and their thoughtful, strategic approach to fostering a more efficient marketplace.”
Capitolis, said the money would increase its team from 90 employees to over 150 by year’s end.
Capitolis’ total funding is $170m.
In September, financial services firms State Street and Citi joined investment bank JP Morgan to provide an undisclosed amount of funding for Capitolis.
Capitolis revealed in March 2018 it had raised $9m in a Sequoia Capital-led seed round and $20m in a series A led by Index Ventures, before both returned for a $40m series B round in November 2019 that was co-led by Spark Capital and SVB Capital and also backed by S Capital.
