Israeli Fintech Startup Capitolis Offers SaaS Platform
The company just raised $90 million.
Capitolis, an Israeli Fintech firm, offers a software as a service (SaaS) platform that drives financial resource optimization for capital markets. The company just closed a $90 million Series C funding round led by Andreessen Horowitz (“a16z”), a Silicon Valley-based venture capital firm that backs transformational companies and bold entrepreneurs disrupting their industries with next-generation technology. The company has raised $170 million to date.
Founded in 2017 by Gil Mandelzis, Tom Glocer, and Igor Teleshevksy, Capitolis says that it is a pioneering technology provider for the capital markets. The company states that its SaaS products and solutions allow financial institutions to seamlessly identify optimization opportunities and execute in collaboration with other market participants.
Fintech is about using new technologies to promote the field of finance. How fitting it is, then, that such firms as Capitolis exist in startup nation. Since Israel is a major high tech hub, and it also has major venture capital firms, just put the two together and get fintech.
Capitolis boasts that its network software enables financial institutions to “optimize their balance sheets, which creates a fairer, safer and healthier marketplace.” The company says that more than 75 financial institutions, as well as many hedge funds and asset managers, leverage Capitolis technology to bring the best services to market and achieve high levels of return, while using the most appropriate amounts of their financial resources.
Thrilled to announce that we’ve closed a $90 million Series C funding round, led by @a16z. Our mission and journey – to create a healthier, safer, and more vibrant financial marketplace – is well underway! Read more at https://t.co/Hd4ihzXMsa.#fintech #innovation #capitalmarkets pic.twitter.com/1HvezcZHgA
— @Capitolis (@Capitolis_Inc) March 30, 2021
“We launched Capitolis four years ago to fundamentally re-imagine how the capital markets operate. Just as Airbnb has brought more capacity to the lodging industry, Capitolis is bringing meaningful additional balance sheet, capital and financing capacity to the market that is structurally and meaningfully constrained to create healthier, more vibrant and growing financial markets,” said Gil Mandelzis, CEO and founder of Capitolis.
“The market’s acceptance and adoption of our friendly disruptive solutions have exceeded our brightest hopes, and we are thrilled to have this significant investment and support from the world’s top technology investors and leading financial institutions to grow and expand much faster.”