Capillary Technologies’ Series D Round Expands to $140 million; $20 Million Allocated for ESOP Payout

Bengaluru, India & Dallas, USA – February 27, 2024

Capillary Applied sciences, a number one international supplier of buyer loyalty and engagement options, introduced at this time the enlargement of its Sequence D spherical to $140 million, with $20 million earmarked for Worker Inventory Possession Plan (ESOP) payouts. This important improve underscores the corporate’s continued progress trajectory and investor confidence in its strategic imaginative and prescient.

Capillary’s preliminary Sequence D spherical, which raised $45 million, has now greater than tripled in dimension from the identical set of buyers led by Avataar Ventures. This displays the corporate’s sturdy efficiency and market potential. The extra funding will gasoline Capillary’s AI initiatives (generative loyalty), speed up international enlargement, and additional strengthen its place as a pioneer in buyer loyalty SaaS options house.

Founder & MD, Aneesh Reddy emphasised the corporate’s dedication to empowering its workers by means of the ESOP payout, stating, “Our workers are the spine of Capillary’s success, and we’re devoted to rewarding their exhausting work and dedication. The ESOP allocation displays our dedication to fostering a tradition of possession and accountability inside our group.”

Mohan Kumar, Managing Associate at Avataar Ventures mentioned, “We’re excited to see Capillary Applied sciences’ continued progress and innovation. As an investor, we imagine within the firm’s imaginative and prescient and are assured in its means to disrupt the client loyalty house. The expanded Sequence D funding and dedication to worker possession replicate Capillary’s robust management and potential for long-term success.”

Along with the funding announcement, Capillary Applied sciences highlighted its exceptional progress in america, having expanded fourfold prior to now three years. This achievement underscores the corporate’s rising footprint in key worldwide markets and its means to satisfy the evolving wants of worldwide manufacturers.

With a steadfast dedication to innovation, buyer success, and worker empowerment, Capillary Applied sciences is poised for continued progress and management within the panorama of buyer loyalty and engagement options for international enterprise manufacturers.

About Capillary Applied sciences: Capillary Applied sciences is a managed SaaS resolution powering 500+ loyalty applications with its best-in-class loyalty know-how platform and skilled companies. Based in 2012, Capillary has a robust international presence throughout america, Asia, Europe and the Center East working with 400+ manufacturers like Tata, PUMA, Shell, Petron, Domino’s, Kanmo Group, and Marks & Spencer. The platform’s suite of merchandise – Loyalty+, Have interaction+, Rewards+, Insights+; are all AI-powered and sit on prime of a robust client knowledge platform that has touched greater than a billion finish clients. Capillary is backed by marquee buyers like Avataar Ventures, Filter Capital, Sequoia Capital, Warburg Pincus & extra.

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