Fintech co Capitolis raised $ 110m on $ 1.6b in valuation

Israeli fintech company Capitolis announced today it has completed a $ 110 million Series D financing round, at a cost of $ 1.6 billion. The Capitolis has increased its budget since it raised $ 90 million last April. The round was also led by Canapi Ventures, 9Yards Capital, and SVB Capital, with the participation of existing investors including a16z, Index Ventures, Sequoia Capital, S Capital, Spark Capital, Citi, and State Street. . This brings in $ 280 million, the amount raised by the Capitolis today.

Jeffrey Goldstein, senior consultant at Canapi Ventures, Dan Beldy, partner at Canapi Ventures, and George Osborne, co -founder at 9Yards, will join the Capitolis board.

The Capitolis allows banks, investors and consumers to increase their reach through a corporate platform and gateway that combine opportunities with a democratized version of business capital, including effectively removing barriers to market growth.

Capitolis founder and CEO Gil Mandzelzis said, “Over the past two years, we have had the experience to bring capital markets back to normal as we have grown exponentially. we get money, prices and companies.

Capitolis said it has raised over $ 13 trillion in transactions through its site, operating over 100 financial services.

Published by Globes, Israel business news – – on March 22, 2022.

© Copyright Globes Publisher Itonut (1983) Ltd., 2022.

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