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Andreessen Horowitz believes in Capitolis reimagination of the capital market
The Israeli company is aiming high trying to restructure the way financial institutions cooperate, but they caught the attention of a major Silicon Valley investor Yaneev Avital / 1 Apr 2021 • 2 min read
Israeli startup Capitolis developed a platform which encourages economic cooperation between various banks and financial institutions, and strives to become a sort of capital-market marketplace. The company recently secured a massive $90 million Series C, led by a16z - Andreessen Horowitz - a prominent Silicon Valley venture capitalist fund, which has previously invested in tech superstars like Facebook, Instagram, Slack, Box, Asana, Lyft, and Pinterest.
Capitolis Closes $90m Round Led by Andreessen Horowitz
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Revolutionary capital markets platform has raised $170 million to date from leading venture capital firms and some of the world’s largest global financial institutions.
Capitolis, the leading SaaS platform that drives financial resource optimization for capital markets, announced it has closed a $90 million Series C funding round led by Andreessen Horowitz (“a16z”), a Silicon Valley-based venture capital firm that backs transformational companies and bold entrepreneurs disrupting their industries with next-generation technology.
“We launched Capitolis four years ago to fundamentally re-imagine how the capital markets operate. 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,”
Ross Gerber benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
On Sunday, the Federal Reserve issued its second emergency interest rate cut of March, slashing its fed funds target range by 1% to between 0% and 0.25%. In addition to the rate cut, the Fed announced a new $700 billion quantitative easing program.
On Monday morning, the Federal Reserve said it. Read More.
Divvy Homes Raises $110 Million Series C Funding
February 3, 2021 @ 9:51 am By JD Alois
Divvy Homes, a Proptech that seeks to make homeownership more attainable with flexible ownership, has announced a $110 million Series C equity funding round. The funding was led by
Tiger Global Management, with participation from GGV Capital, Moore Specialty Credit, JAWS Ventures, and existing investors, the round brings the total debt and equity capital Divvy Homes has raised to over $500 million.
Divvy purchases homes on behalf of prospective owners and then rents the property back to them. Over time, individuals build equity in the property as Divvy offers a bridge from renting to owning that seeks to enable the average American household to build towards homeownership in a more affordable and flexible manner.