Capitolis Hits $1.9B Valuation With $220M Raise Backed by Wall Street Giants

Capitolis has locked in $220M in new financing, boosting its valuation to $1.9B from its previous $1.6B mark set in 2022. The capital structure splits into a $120M Series E equity round and a separate debt financing facility provided by First Citizens Innovation Banking, Hercules Capital, and Pinegrove Venture Partners. The equity cap table now includes new strategic investments from Bank of America, Nomura, and Tradeweb Markets, joining existing backers like Citi, Barclays, BNP Paribas, J.P. Morgan, State Street, and UBS. The bulk of the new capital is earmarked to support the company's recent acquisition of eSecLending, expanding its financial optimization platform into securities lending. "Debt is much cheaper for the company. We will soon start generating significant cash flow, and I prefer debt over equity." — Gil Mandelzis