Capitolis, a NYC-based fintech company, raised strategic investments from four global banks.
The new round was led by Citi and included State Street, both existing investors in Capitolis, as well as new investors Morgan Stanley, and UBS.
Each bank will invest $5M and will join other existing investors including Andreessen Horowitz (a16z), Index Ventures, Sequoia Capital, S Capital, Spark Capital, SVB Capital, Canapi Ventures, 9Yards Capital, Standard Chartered and J.P. Morgan.
The company intends to use the funds to accelerate its growth across both its capital marketplace and portfolio optimization businesses.
Led by CEO and Founder Gil Mandelzis, Capitolis provides a portfolio of capital marketplace solutions that helps clients:
- Increase Access to Best Pricing, Technology, and Services
- Improve Capital Efficiency
- Lower Costs
- Improve Risk Management
- Diversify Sources and Uses of Capital
Its suite of optimization solutions is used by financial institutions to manage risks stemming from market and counterparty exposures in their uncleared and cleared derivatives portfolios.
FinSMEs
25/11/2024