Capillary Technologies, a Singapore-based SaaS startup, raised $95 million in funding, bringing its Series D funding round to $140 million.
The company raised $45 million in the initial Series D round in June last year.
SaaS Investors
The round was led by Avataar Venture Partners. Other investors include Pantheon Ventures, 57Stars, Unigestion, Filter Capital, and Innoven Capital.
Founded in 2019, Avataar Venture Partners is a venture capital firm based in Bangalore, India. The firm seeks to invest in business-to-business and software-as-a-service companies based in India and Southeast Asia.
Capillary Technologies Use of Funds
The company plans to use the fresh funding to fuel AI initiatives (generative loyalty) and global expansion.
About Capillary Technologies
Founded in 2012, Capillary Technologies specializes in providing customer loyalty and engagement solutions. The company offers a suite of products that enable businesses to manage loyalty programs, engage with customers across multiple channels, and leverage consumer data for actionable insights. Its solutions cater to a diverse range of sectors including retail, hospitality, and aviation, among others, with a presence across the United States, Asia, Europe, and the Middle East. Its clientele includes brands such as Tata Group, PUMA, Shell, Petron, Domino’s, Kanmo Group, and Marks & Spencer.
Funding Details
Company: Capillary Technologies India Limited
Raised: $95.0M
Round: Series D
Funding Month: February 2024
Lead Investors: Avataar Venture Partners
Additional Investors: Pantheon Ventures, 57Stars, Unigestion, Filter Capital, and Innoven Capital
Company Website: https://www.capillarytech.com/
Software Category: Customer Loyalty and Engagement Solutions
Source: https://yourstory.com/2024/02/capillary-technologies-expands-series-d-funding-usd-140-million