Capitolis Raises $110 Million at $1.6 Billion Valuation

Capitolis is a startup that aims to assist financial services users, banks, and the way they move money. It is a provider that addresses constraints of the capital market in foreign exchange and equities. Capitolis connects market participants and transforms the efficiency frontiers of businesses. The company provides clients with solutions to their challenges and creates new opportunities around under-utilized capital. 

The Series D funding round was co-led by Canapi Ventures, 9Yards Capital, and SVB Capital. Among other investors were a16z, Index Ventures, Sequoia Capital, S Capital, Spark Capital, Citi, State Street, and JPMorgan. “We are thrilled to be partnering with Gil, Tom, and the entire Capitolis team as they build the next generation of technology infrastructure to help support the safe, efficient growth of the capital markets,” Dan Beldy, Canapi Ventures.

Capitolis, US-Israel based, was founded by Gil Mandelzis, Igor Teleshevsky, Thomas Glocer in 2017. Till that moment, the company has been able to establish a partnership with over 100 banks. Capitolis solution underscores how a new approach can be taken differently and makes it move faster. This solution is based on proprietary algorithms, that enable institutions (hedge funds, asset managers, and banks) to move, eliminate, or create trading positions by collaborating with other financial institutions. “Our vision is becoming a reality and we look forward to super-charging our marketplace in the months and years to follow,” Gil Mandelzis, CEO.

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