Key Takeaways
- • Capitolis raised $220 million in Series E financing at a $1.9 billion valuation, with the capital specifically designated to fund its acquisition of eSecLending, a securities lending platform.
- • The financing round was led by Citigroup and included participation from major Wall Street institutions: Bank of America, Barclays, BNP Paribas, JP Morgan, Nomura, State Street, UBS, and Tradeweb Markets.
- • The eSecLending acquisition represents Capitolis' strategic expansion into securities lending, positioning the portfolio optimization fintech to address what Tradeweb characterized as "the next frontier in the electronification" of securities markets.
- • The $220 million raise comprised $120 million in equity and $100 million in debt financing, according to internal publisher data.
- • Capitolis' valuation increased from $1.6 billion in 2022 to $1.9 billion following this round, reflecting investor confidence in the company's growth trajectory within financial resource optimization.
Summary
Capitolis, a US-based fintech specializing in portfolio optimization and financial resource management, secured $220 million in Series E financing to fund its acquisition of eSecLending, a securities lending platform. The round valued the company at $1.9 billion, marking a significant milestone for the privately held firm and validating its expansion strategy within the electronification of capital markets infrastructure.
The financing was led by Citigroup, with participation from a consortium of established financial institutions and market infrastructure providers. Existing investors Barclays, BNP Paribas, JP Morgan, State Street, and UBS participated alongside new investors Bank of America, Nomura, and Tradeweb Markets. The structure consisted of $120 million in equity financing and $100 million in debt, reflecting a mixed capital approach to fund the acquisition while managing dilution to existing shareholders.
Capitolis founder and CEO Gil Mandelzis characterized the fundraising as enabling the company's strategic acquisition while expanding "both our capabilities and client network as we continue partnering with the industry to address its evolving financial resource optimization needs." Serene Murphy, global head of corporate development at Tradeweb, positioned the eSecLending acquisition as a critical step in modernizing securities lending infrastructure, noting that "securities lending represents the next frontier in the electronification we've seen across our markets." The acquisition directly extends Capitolis' existing portfolio optimization platform into the securities lending vertical, a market segment historically characterized by manual processes and fragmented infrastructure.
The financing was led by Citigroup, with participation from a consortium of established financial institutions and market infrastructure providers. Existing investors Barclays, BNP Paribas, JP Morgan, State Street, and UBS participated alongside new investors Bank of America, Nomura, and Tradeweb Markets. The structure consisted of $120 million in equity financing and $100 million in debt, reflecting a mixed capital approach to fund the acquisition while managing dilution to existing shareholders.
Capitolis founder and CEO Gil Mandelzis characterized the fundraising as enabling the company's strategic acquisition while expanding "both our capabilities and client network as we continue partnering with the industry to address its evolving financial resource optimization needs." Serene Murphy, global head of corporate development at Tradeweb, positioned the eSecLending acquisition as a critical step in modernizing securities lending infrastructure, noting that "securities lending represents the next frontier in the electronification we've seen across our markets." The acquisition directly extends Capitolis' existing portfolio optimization platform into the securities lending vertical, a market segment historically characterized by manual processes and fragmented infrastructure.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.