Capitolis Raises $120 Million in Series E Funding
Capitolis, a New York-based financial technology company, has successfully raised $120 million in its latest Series E funding round. The round was led by Citi, with participation from prominent investors including Bank of America, Nomura, Tradeweb Markets, Barclays, BNP Paribas, J.P. Morgan, State Street, and UBS.
Company Overview
Capitolis is focused on revolutionizing the financial system by unlocking capital efficiency and enabling growth for banks and institutional investors. By leveraging its platform, the company aims to optimize the use of capital in financial markets, thus fostering a more efficient financial ecosystem.
Leadership
The company is led by Founder and CEO Gil Mandelzis, who has been instrumental in driving its mission to create a better financial system. Under his leadership, Capitolis continues to expand its capabilities and market reach.
Strategic Use of Funds
While specific plans for the newly raised capital have not been disclosed, it is anticipated that the funds will be used to further enhance Capitolis's platform capabilities, expand its market presence, and potentially explore new partnerships or product offerings. These efforts align with the company's goal of enhancing capital efficiency and supporting growth for its banking and institutional clients.
Conclusion
The successful completion of the Series E round marks a significant milestone for Capitolis, positioning the company to continue its growth trajectory and further innovate within the financial technology sector.