Citi, SVB, State Street and JP Morgan were among the investors that helped the financial software provider boost its valuation to $1.6bn.

US-based financial services marketplace Capitolis secured $110m of series D funding on Tuesday from investors including financial services firms Citi and State Street and investment banking firm JP Morgan.

Venture debt provider Silicon Valley Bank’s equity investment subsidiary, SVB Capital, co-led the round with Canapi Ventures and 9Yards Capital, and it also featured Index Ventures, Andreessen Horowitz, S Capital, Sequoia Capital and Spark Capital.

Founded in 2017, Capitolis has developed a software platform that helps financial institutions optimise their resources…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.