Capitolis raises USD 90 mln in Series C funding

Thursday 1 April 2021 12:08 CET | News

Capitolis, which makes technology for markets players such as investment and merchant banks, has closed on a USD 90 million Series C funding round led by Andreessen Horowitz (a16z).

The financing included participation from existing backers Index Ventures, Sequoia Capital, S Capital, Spark Capital, SVB Capital, Citi, J.P. Morgan, and State Street, and brings Capitolis’ total funding to date to USD 170 million.

The US-based company plans to use its new capital toward product development and to boost its customer support and sales staff. It plans to increase its headcount from 90 to over 150 by year’s end.

The company says that its workflow technology and proprietary algorithms allow banks, hedge funds and asset managers to eliminate, move or create trading positions by collaborating with other financial institutions. Capitolis’ network software is designed to help financial institutions optimise their balance sheets and reduce risk.

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Keywords: funding, fintech, SaaS, merchants, banks, product upgrade, financial institutions, risk management
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United States
This article is part of category

Banking & Fintech