Capillary Technologies, a loyalty management and customer engagement SaaS platform, raised $45 million in Series D from a consortium of global investors including Avataar Ventures, Pantheon Ventures, 57Stars, Unigestion, Filter Capital, and Innoven Capital. The funding will be used by Capillary Technologies to support its global expansion plans and execute its mergers and acquisitions strategy.
Capillary Technologies aims to establish itself as the leading loyalty company globally. With the fresh capital infusion, the Singapore-headquartered company plans to expand its presence in North America and Europe. It also intends to pursue strategic acquisitions that align with its long-term vision.
Aneesh Reddy, the Founder and Managing Director of Capillary Technologies, expressed enthusiasm about the funding and its implications for the company’s growth. He stated, “With this new funding, we are poised to expand our footprint in North America and Europe and pursue strategic acquisitions that align with our vision of becoming the preeminent loyalty company globally.”
This latest funding round adds to Capillary Technologies’ already impressive financial backing. According to Tracxn, the company has raised a cumulative total of $100 million across eight rounds. In April, Capillary Technologies completed its fifth successful acquisition on a global scale by acquiring US-based company Brierley. The company’s other acquisitions include Persuade, Sellerworx, Ruaha Technology Labs, and Martjack.
The injection of funds and the company’s ongoing expansion efforts demonstrate Capillary Technologies’ commitment to strengthening its position in the loyalty management and customer engagement market. As the company continues to grow and explore new opportunities, it aims to solidify its presence on a global scale and offer innovative solutions to enhance customer loyalty and engagement for businesses worldwide.