Capillary Technologies, a global provider of customer loyalty and engagement solutions, announced the expansion of its Series D round to $140 million, with $20 million earmarked for Employee Stock Ownership Plan (ESOP) payouts. This significant increase underscores the company’s continued growth trajectory and investor confidence in its strategic vision.
The $45 million that Capillary raised in its first Series D round has now more than tripled in size as a result of the same group of investors led by Avataar Ventures. This illustrates the business’s strong performance and promising market.
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The extra funds will support Capillary’s AI projects (generative loyalty), quicken its international growth, and solidify its leadership position in the customer loyalty SaaS solutions market.
Founder & MD, Aneesh Reddy emphasized the company’s commitment to empowering its employees through the ESOP payout, stating, “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 organization.”
Apart from the financial announcement, Capillary Technologies also announced its impressive expansion in the US, quadrupling in size over the previous three years. This accomplishment highlights the company’s expanding presence in important foreign areas and demonstrates its capacity to adapt to the changing demands of global brands.
Mohan Kumar, Managing Partner at Avataar Ventures said, “We are excited to see Capillary Technologies’ continued growth and innovation. 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.”
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About Capillary Technologies
Capillary Technologies is a managed SaaS solution powering 500+ loyalty programs with its best-in-class loyalty technology platform and expert services. Founded in 2012, Capillary has a strong global presence across the United States, Asia, Europe and the Middle East working with 400+ brands like Tata, PUMA, Shell, Petron, Domino’s, Kanmo Group, and Marks & Spencer.
