Fintech firm Capitolis has announced the completion of a $110 million Series D funding to expand its offerings in the capital market. Following the funding round, the company is now valued at $1.6 billion. Participants in the funding round include lending fintech investors such s SVB Capital, 9Yards Capital, and Canapi Ventures.
Existing investors include J.P. Morgan, Sequoia Capital, State Street, Spark Capital, Index Ventures, and Citi. In addition to its previous funding rounds, Capitolis has now raised $280 million in funding.
Capitolis Adds Three Executives To Enable Its Expansion
Capitolis has also welcomed some top executive members to its board of directors. These include Founding Partner of 9ards George Osborne, partner at Canapi Ventures Dan Beldy, and senior advisor at Canapi Ventures Jeffrey Goldstein.
They are coming into the company with their deep knowledge in the technology and financial services industry. The executives have a deep background in financial stability, regulatory reform, and policy issues related to banking.
Co-Founder and Executive Chairman of Capitolis, Tom Glocer, stated that the additions of Dan Beldy, George Osborne, and Jeffrey Goldstein will strengthen an already world-class board. He added that their years of experience in balancing financial stability and sound regulatory policy will help to guide Capitolis to scale its technology.
Capitolis Wants To Reinvent The Capital Market
Capitolis is operating with a Silicon Valley mindset and will be combining deep capital markets to bring the sharing economy to the forefront.
Capitolis enables institutional clients, investors, and banks to expand their reach via a collaborative platform.
Chief Executive Officer of Capitolis Gil Mandelzis, stated that the vision of the company in the past two years has always been to reinvent the capital market. The vision has gained momentum, enabling the firm to triple its team, customer base, and revenue.
However, he says the company is still scratching the surface when it comes to the reimagining of the capital markets. But with partners like SVB Capital, Canapi, and 9Yards, Capitolis hopes to use their resources and expertise to penetrate the market further.