NEW YORK– Capitolis, a financial technology company, has completed $220 million of financin that includes $120 million Series E equity round at a $1.9 billion valuation, as well as debt. The equity financing was led by Citi, an existing investor, with participation from new strategic investors Bank of America, Nomura, and Tradeweb Markets, as well as existing investors Barclays, BNP Paribas, J.P. Morgan, State Street, and UBS.
Debt financing will be provided by First Citizens Innovation Banking (formerly Silicon Valley Bank), Hercules Capital, and Pinegrove Venture Partners.
Capitolis works with leading banks and financial institutions to address critical funding, capital, and balance sheet challenges. The financing will support Capitolis’ acquisition of eSecLending, adding securities lending to its financial resource optimization platform and expanding access to a network of institutional asset owners, further strengthening the foundation for future innovation.
Siris Singh, Global Head of Markets Strategic Investments at Citi, said: “We are pleased to have led this financing round, bringing together a group of strategic investors in support of Capitolis’ next phase. The transaction reflects our continued focus on investing selectively in businesses shaping the infrastructure and evolution of global capital markets.”
Serene Murphy, Global Head of Corporate Development at Tradeweb, said: “Securities lending represents the next frontier in the electronification we’ve seen across our markets, and Capitolis’ acquisition of eSecLending will be an important step in that evolution. By combining eSecLending’s network of institutional asset owners with Capitolis’ financial resource optimization platform, this deal creates real opportunities to bring more automation and efficiency to a market that has historically relied on manual processes. We’re thrilled to support Capitolis as it builds out these capabilities.”
“This Series E financing is a great milestone for Capitolis and a strong endorsement of our vision and ability to execute on it,” said Gil Mandelzis, Founder and CEO of Capitolis. “We are deeply grateful for the continued support of our existing strategic investors and excited to welcome Bank of America, Nomura, and Tradeweb as new strategic investors. The financing will enable our acquisition of eSecLending, expanding both our capabilities and client network as we continue partnering with the industry to address its evolving financial resource optimization needs.”
