Capitolis raises investment from global leading financial institutions

By Pavithra R

New York-based Capitolis, a leading SaaS platform that drives financial resource optimization for capital markets, has announced the completion of a strategic investment from J.P. Morgan, Citi, and State Street.

The investments represent a collaborative effort by the three leading global financial institutions (FIs) to drive further adoption of Capitolis’ proprietary technology platform, which helps FIs free up capital and remove barriers that would otherwise restrict trading. Capitolis multi-participant model takes advantage of its ISO 27001 compliant platform that has been built to bring together buy-side, balance sheet providers, and trade processors.

The FinTech is planning to use the investment to advance its technology and product development, as well as expand sales and marketing initiatives.

“We are excited to have three of our trusted partners provide further support for our vision and business model focused on transforming the marketplace for the benefit of all participants. While we have made great strides over the past three years since starting the company, it is only the beginning of our work in creating a new industry standard through collaboration, innovation, and technology. There is much more transformation yet to come,” said Gil Mandelzis, CEO and founder of Capitolis. 

Founded in 2017, Capitolis enables firms to optimize their balance sheet exposures through collaborative technology by eliminating unnecessary positions and finding the best party to hold the remaining positions. The announcement follows a $40 mn Series B funding round in November 2019, led by SVB Capital and Spark Capital, with participation from existing investors Sequoia Capital, Index Ventures, and S Capital.

“We are proud to support Capitolis and its innovative approach to capital optimization and efficiency. We have been growing supporters of the platform since its inception and believe Capitolis’ unique approach will play a significant role in enhancing global markets by driving increased industrywide collaboration to achieve higher growth,” said Okan Pekin, Global Head of Securities Services at Citi.