Israel's Capitolis fintech firm, whose SaaS platform enables financial institutions to optimize their balance sheets, has closed a $90 million Series C funding round led by Andreesen Horowitz (a16z), the company announced Monday.
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The funding round, which included participation from existing investors Index Ventures, Sequoia Capital, S Capital, Spark Capital, SVB Capital, Citi, J.P. Morgan and State Street, brings Capitolis' total funding to date to $170 million.
"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 co-founder and CEO Gil Mandelzis.
Alex Rampell, partner at a16z, said, "What sets Capitolis apart from other financial services players is the sheer scale of management's ambition and the substantial talent, technology and capital milestones they have achieved in bringing their innovative services to market."
