Capitolis Raises USD 40 million to Upgrade Technology Platform
Capitolis has successfully completed a Series B fundraising of USD 40 million, led by Spark Capital and SVB Capital. This brings the total amount raised by the firm to date to USD 70 million.
Capitolis was founded in 2016 by Gil Mandelzis, the founder of Traiana and former CEO of EBS BrokerTec, Tom Glocer, former CEO of Thomson Reuters, and Igor Teleshevsky, the former Head of Technology at Traiana. The company has 55 employees in New York City, London and Tel Aviv.
Since the introduction of its proprietary platform, Capitolis now has over 50 financial institutions live on its system, that have recorded transaction volumes of $1.5 trillion notional.
Gil Mandelzis, CEO of Capitolis said, “In less than a year, Capitolis’ platform has been adopted by many of the world’s leading banks and hedge funds and is creating very meaningful resource benefits. Capitolis’ technology has already eliminated trillions of dollars of transactions notional to date, and with the new investments from Spark and SVB Capital, development is underway to expand the functionality and platform further.”
Tom Glocer, Executive Chairman of Capitolis said, “It is very gratifying to us that some of the world’s most successful investors have chosen to back our vision for safer, more efficient and more profitable capital markets leveraging Capitolis technology. We now have the funding, the management team, and the core customer adoption to grow Capitolis into a major industry infrastructure and force."