Capitolis Closes $220m Financing to Acquire eSecLending
Capitolis has successfully raised $220 million in funding, primarily to acquire eSecLending for $200 million in cash. The Series E funding round, which totaled $120 million, was led by Citi and valued Capitolis at $1.9 billion. This acquisition marks a strategic move for Capitolis as it looks to enhance its capital markets offerings and strengthen its market position.
The acquisition comes at a time when capital markets are increasingly leaning towards sophisticated fintech solutions. By bringing eSecLending into its fold, Capitolis aims to capitalize on existing synergies and broaden the scope of services available to its clients, positioning itself more competitively in the fintech landscape.
Key takeaways
- ▸Capitolis raised $220 million, including $120 million in a Series E round.
- ▸The company acquired eSecLending for $200 million in cash.
- ▸Citi led the Series E funding, valuing Capitolis at $1.9 billion.
- ▸The acquisition aims to enhance Capitolis' services in the capital markets sector.
- ▸This move indicates a trend towards consolidation in the capital markets fintech space.
Why this matters
This acquisition enhances Capitolis' capabilities, enabling it to offer more integrated solutions in capital markets, which could attract a wider client base. Moreover, the successful raise led by Citi signals strong investor confidence in Capitolis’ growth strategy, while also reflecting a growing trend of consolidation in the fintech space as companies seek to bolster their service offerings amidst competitive pressures.
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