Capillary Technologies Boosts Series D Funding to $140 Million

The infusion of fresh funding aims to drive AI initiatives, particularly in generative loyalty, and facilitate global expansion. Our employees are the backbone of Capillarys success, and we are dedicated to rewarding their hard work and dedication, affirmed Aneesh Reddy, Founder & MD of Capillary Technologies.The companys Series D round, initially raised at $45 million in June last year, has now surged to over three times its original size, courtesy of the same group of investors led by Avataar Venture Partners. Other investors include Pantheon Ventures, 57Stars, Unigestion, Filter Capital, and Innoven Capital.Capillary Technologies has experienced significant growth in the United States, with its expansion multiplying fourfold over the past three years. As an investor, we believe in the companys vision and are confident in its ability to disrupt the customer loyalty space, expressed Mohan Kumar, Managing Partner at Avataar Ventures.Capillarys commitment to employee ownership aligns with its ethos of fostering a culture of ownership and accountability within the organization. This strategic move complements its previous acquisitions, including Persuade, Sellerworx, Ruaha Technology Labs, and Martjack.Established in 2012, Capillary Technologies specializes in providing customer loyalty and engagement solutions, catering to a diverse clientele spanning the United States, Asia, Europe, and the Middle East.