Capital markets technology provider Capitolis has secured strategic investments from Citi, Morgan Stanley, State Street, and UBS.
This latest funding round is led by Citi and involves State Street, both of which are existing investors in Capitolis, along with new participants Morgan Stanley and UBS. Each of these banks is contributing $5 million, joining other notable investors such as Andreessen Horowitz (a16z), Index Ventures, Sequoia Capital, S Capital, Spark Capital, SVB Capital, Canapi Ventures, 9Yards Capital, Standard Chartered, and JPMorgan.
Capitolis was founded by Gil Mandelzis, a former executive at Traiana and Icap; Tom Glocer, the ex-CEO of Thomson Reuters; and Igor Teleshevsky, also formerly from Traiana. The company is focused on developing various new products and services aimed at addressing capital constraints in the markets.
“Capitolis has been collaborating closely with the industry to enhance the safety and strength of financial markets within a well-regulated framework, and we have experienced significant growth as a result,” said CEO Mandelzis. “Our partnerships with leading global banks over the past few years have been excellent, and we look forward to deepening these relationships while welcoming more top-tier financial institutions as investors and board members.”