Capillary Technologies: A Funding Frenzy Unleashed
February 28, 2024, 11:07 am
Location: Malaysia, Kuala Lumpur
Employees: 501-1000
Founded date: 2008
Total raised: $348.23M
Capillary Technologies, a customer engagement and loyalty software provider, has set the stage on fire with a whopping $95 million raised in secondary transactions, extending its Series D funding round to a grand total of $140 million. This funding frenzy aims to provide exits to existing investors and employees, fueling the company's internal generative artificial intelligence (GenAI) initiatives and expanding its reach in the US and European markets.
In a secondary deal, existing investors like American Express and Warburg Pincus are taking full and partial exits, while angel investors are also cashing out. The company's founder, Aneesh Reddy, remains tight-lipped about the valuation at which the funds were raised, but the premium price of the secondary transaction speaks volumes about Capillary's growth trajectory.
With a significant chunk of the secondary raise allocated towards giving exits to former and current employees, Capillary Technologies is not just about business growth but also about taking care of its people. The company's foray into the North American market through the acquisition of Persuade has paid off handsomely, with the US geography contributing a lion's share of revenues.
As Capillary Technologies gears up for a potential IPO in the next 18 months, the company's strategic moves and aggressive expansion plans are sure to keep investors and competitors on their toes. With a strong focus on AI, global expansion, and customer loyalty solutions, Capillary Technologies is not just raising funds but raising the bar for innovation in the tech industry.
In a secondary deal, existing investors like American Express and Warburg Pincus are taking full and partial exits, while angel investors are also cashing out. The company's founder, Aneesh Reddy, remains tight-lipped about the valuation at which the funds were raised, but the premium price of the secondary transaction speaks volumes about Capillary's growth trajectory.
With a significant chunk of the secondary raise allocated towards giving exits to former and current employees, Capillary Technologies is not just about business growth but also about taking care of its people. The company's foray into the North American market through the acquisition of Persuade has paid off handsomely, with the US geography contributing a lion's share of revenues.
As Capillary Technologies gears up for a potential IPO in the next 18 months, the company's strategic moves and aggressive expansion plans are sure to keep investors and competitors on their toes. With a strong focus on AI, global expansion, and customer loyalty solutions, Capillary Technologies is not just raising funds but raising the bar for innovation in the tech industry.