You can be on Entrepreneur’s cover!

Capillary Technologies Raises USD 95 Mn in Secondary Deals and Expands Series D to USD 140 Mn The startup will use the fresh funds to fuel AI initiatives (generative loyalty) and global expansion.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Aneesh Reddy, Founder and MD, Capillary Technologies

SaaS startup Capillary Technologies has revealed the expansion of its Series D round to USD 140 million, with USD 20 million set aside for Employee Stock Ownership Plan (ESOP) payouts.

Around the middle of last year, the startup had received USD 45 million in this round that included USD 39 million in equity and USD 6 million in debt. From the same group of investors, led by Avataar Ventures Partners, the fund has now more than tripled in size.

The additional funding will be used to fuel its internal generative artificial intelligence (GenAI) initiatives and partnerships, as well as to accelerate its global expansion.

The startup claims to have remarkable growth in the United States, having expanded four times in the past three years.

Aneesh Reddy, Founder and MD, Capillary Technologies, said, "Our employees are the backbone of Capillary's success, and we are dedicated to rewarding their hard work and dedication. The ESOP allocation reflects our commitment to fostering a culture of ownership and accountability within our organisation."

Founded in 2012, Capillary Technologies specialises in providing customer loyalty and engagement solutions, with a presence across the United States, Asia, Europe, and the Middle East. It claims to work with brands like Tata, PUMA, Shell, Petron, Domino's, Kanmo Group, and Marks & Spencer.

Mohan Kumar, Managing Partner at Avataar Ventures said, "As an investor, we believe in the company's vision and are confident in its ability to disrupt the customer loyalty space. The expanded Series D funding and commitment to employee ownership reflect Capillary's strong leadership and potential for long-term success."

Entrepreneur Staff

Entrepreneur Staff

Editor

Leadership

You Won't Have a Strong Leadership Presence Until You Master These 5 Attributes

If you are a poor leader internally, you will be a poor leader externally.

Branding

94% of Customers Say a Bad Review Made Them Avoid Buying From a Brand. Try These 4 Techniques to Protect Your Brand Reputation.

Maintaining a good reputation is key for any business today. With so many people's lives and shopping happening online, what is said about a company on the internet can greatly influence its success.

Business News

Samsung Makes 6 Day Workweeks Mandatory for Executives as the Company Enters 'Emergency Mode'

Samsung said its performance "fell short of expectations" last year. Now executives are required to work weekends.

News and Trends

IT Firm Happiest Minds Technologies Acquires Macmillan Learning India

The deal will likely be finished by April 30 and will cost INR 4.5 crore.

Resumes & Interviewing

Build a Better Resume with This $35 Subscription

AI Resume Builder promises to help you apply to jobs twice as fast.

Starting a Business

6 Effective Funding Strategies for Startups

Navigating startup financing is complex. Entrepreneurs find themselves at the crossroads of innovation and survival, where a single decision can either fuel their dreams or extinguish their aspirations. Here we look at six ways you can finance your startup to support your business for long-term success.