Capitolis CEO Gil Mandelzis. company photo by Eyal Tuag
Capitolis, an Israeli fintech startup, has just hit the coveted unicorn club with a $1.6 billion valuation. It did so with a $110 million Series D round of investment co-led by top fintech investors Canapi Ventures, 9Yards Capital, and SVB Capital. A unicorn is a startup valued at $1 billion or more.
The new investment comes just a little over a year after Capitolis brought in $90 million in a Series C round of funding.
The new unicorns and big investments keep on coming for Israel Startup Nation so Capitolis is in good company. But its $1.6 billion valuation is nowhere near the $15 billion valuation that Rapyd, an Israeli fintech startup, hit last week.
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Founded in 2017 by CEO Gil Mandelzis, Tom Glocer, and Igor Teleshevsky, Capitolis has an SaaS platform that drives financial resource optimization for capital markets. Through collaborative technology, Capitolis helps clients eliminate unnecessary positions and find the most suitable party to hold the remaining positions – freeing up capital and removing barriers that would otherwise restrict trading. To date, Capitolis has eliminated trillions of dollars in overall positions for more than 100 financial institutions, including many of the top global and regional banks and leading buy-side firms.
Capitolis—which combines deep markets expertise with a Silicon Valley mindset—arms banks, asset managers and hedge funds across the market ecosystem with an innovative technology platform that allows them to free up capital and safely remove barriers that would otherwise restrict growth.
“Over the past two years, our vision to reinvent capital markets has gained tremendous momentum as we have tripled our revenue, customer base and team,” said Gil Mandelzis, CEO and Founder of Capitolis. “We are just scratching the surface on reimagining the capital markets. We are thrilled to have partners like Canapi, 9Yards, and SVB Capital who bring strategic expertise, a true passion for the mission and a powerful network to leverage as we embark on our next chapter of growth.”
