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Warburg, Peak XV backed-Capillary Technologies extends Series D round to $140 mn

VCCircle

VCCircle · 1y ago

Warburg, Peak XV backed-Capillary Technologies extends Series D round to $140 mn

Capillary Technologies, a SaaS startup, has expanded its Series D funding round to $140 million with an additional $95 million secured from existing investors, led by Avataar Ventures. The company has earmarked $20 million for employee stock ownership plan payouts. Capillary Technologies provides loyalty management and customer engagement solutions to brands such as Tata, PUMA, and Domino's. The funds will be used for AI initiatives and geographic expansion. The startup has grown its presence in the United States and operates across India, Southeast Asia, and the Middle East. Capillary Technologies had previously filed documents for an IPO but hasn't proceeded with the plan.

Related News

Capillary Technologies extends latest funding round, raises $95 million in secondary

Economic Times

Economic Times · 1y ago

Capillary Technologies extends latest funding round, raises $95 million in secondary

Capillary Technologies has raised an additional $95 million in secondary transactions as part of its Series D funding round, extending the total round to $140 million. The funding will provide exits to existing investors and employees. The company is also planning to list on the Indian bourses in the next 18 months. The latest tranche includes an additional $6 million in equity funding from angel investors. Capillary Technologies will use the capital to support its artificial intelligence initiatives, partnerships, and expand further into the US and European markets. The company is said to have an annual revenue run rate of around $75 million.

Capillary buys back ESOPs worth $20 mn from 200 employees

The Arc Web

The Arc Web · 1y ago

Capillary buys back ESOPs worth $20 mn from 200 employees

Capillary Technologies has raised an additional $95 million in its ongoing funding round, bringing the total raised to $140 million. The funding round was led by Avataar Ventures' limited partners, including 57Stars, Pantheon, Unigestion, and The Evolvence Group. Capillary raised $6 million in primary capital from Ajay Gupta and Hal Brierley, with the remaining funds used to buy out existing investors such as Warburg Pincus and American Express. Approximately $20 million of the funding was used for a share buyback from former and current employees. This is the fourth ESOP buyout for the company since its inception in 2008.

Capillary Technologies gets Sebi nod for IPO - The Economic Times

Economic Times

Economic Times · 3m ago

Capillary Technologies gets Sebi nod for IPO - The Economic Times

Capillary Technologies has received approval from India's market regulator for its IPO, aiming to raise Rs 430 crore in new capital. The company’s Singapore-based promoter entity, Capillary Technologies Pte, supported by Peak XV Partners and Avataar Ventures, will sell 14.2 million shares through an Offer for Sale (OFS). JM Financial, IIFL Capital, and Nomura are managing the IPO. Capillary Technologies recently won the Comeback Kid award at The ET Startup Awards 2025.

Capillary Nets $95 Mn In Secondary Fundraise

Inc42 · 1y ago

Capillary Nets $95 Mn In Secondary Fundraise

India-based customer loyalty and engagement solutions provider Capillary Technologies has raised $95m in secondary transactions to extend its Series D funding round. The total funding now stands at $140m. Capillary will use the funds to support its artificial intelligence initiatives, drive global expansion and strengthen its position in the customer loyalty software-as-a-service (SaaS) solutions sector. The company also plans to allocate $20m for employee stock ownership plan payouts. Capillary's suite of products, including Loyalty+ and Engage+, are AI-powered and serve over 400 brands worldwide.

Capillary Technologies Secures Board Approval for INR 2250 Cr IPO Launch

StartupTalky

StartupTalky · 7m ago

Capillary Technologies Secures Board Approval for INR 2250 Cr IPO Launch

Capillary Technologies has obtained board approval to launch a INR 2250 crore IPO, raising INR 500 crore through new shares and INR 1750 crore via an offer for sale. This move follows an earlier attempt to list in 2021, which was abandoned. Founded in 2008, Capillary offers client engagement software with clients like Domino's and Tata Group. The company saw an 80% revenue growth in FY24 and is backed by investors like Qualcom Ventures and Peak XV Partners.

From Shadowfax To Capillary Technologies — Indian Startups Raised $381 Mn This Week

Inc42 · 1y ago

From Shadowfax To Capillary Technologies — Indian Startups Raised $381 Mn This Week

Funding in the Indian startup ecosystem surged in the last week of February, with a total of $381.4 million raised across 27 deals. Logistics startup Shadowfax secured a $100 million Series E funding round led by TPG NewQuest. SIDBI emerged as the most active investor, investing in NewSpace Research & Technologies and Digantara. E-commerce was the most funded sector, with seven deals raising $55.4 million. Enterprisetech also performed well, with Capillary Technologies securing $104 million in a secondary funding round. Other news includes IPO plans for Digital Insurance, developments at BYJU'S, and a joint venture between RIL, Viacom18, and Disney. Kedaara Capital aims to raise India's largest private equity fund, Rockstud Capital closes its second alternative investment fund, and Peak XV announces the third cohort of its women entrepreneurs-focused Spark program. Finally, Koo is rumored to be acquired by Dailyhunt, and healthcare fintech startup QubeHealth plans to raise $6-9 million in a Series A funding round.

Deep tech, AI, Quantum Ventures lead Peak XV Surge’s ninth cohort

Economic Times

Economic Times · 2y ago

Deep tech, AI, Quantum Ventures lead Peak XV Surge’s ninth cohort

Surge, Peak XV Partners' scale-up program for early-stage startups, has chosen 13 ventures for its ninth cohort, focusing on deeptech, artificial intelligence, advanced manufacturing, and quantum computing. This is Surge's first cohort since Peak XV Partners was established after the split from Sequoia Capital. Surge has shifted its sectoral mix to more advanced technologies, such as semiconductor companies and AI startups, reflecting the changing ecosystem in India and the broader region. Surge has previously backed over 140 startups, with a total of $2 billion raised post-program.

Capillary Technologies expands its Series D round to $140 million; allocates $20M for ESOP payout

IndianStartupNews

IndianStartupNews · 1y ago

Capillary Technologies expands its Series D round to $140 million; allocates $20M for ESOP payout

Capillary Technologies, a customer engagement and loyalty software services startup, has raised an additional $95 million in its Series D funding round through secondary transactions. The funds will be used for an IPO in the Indian market and to fuel growth and innovation, particularly in the United States and European markets. Capillary Technologies boasts a global presence and generates 65% of its revenue in the US. The company also plans to allocate $20 million for Employee Stock Ownership Plan (ESOP) payouts.

Capillary buys back ESOPs worth $20 mn from 200 employees

The Arc Web

The Arc Web · 1y ago

Capillary buys back ESOPs worth $20 mn from 200 employees

Capillary Technologies has raised an additional $95 million in an ongoing funding round, bringing the total raised to $140 million. The funding round was led by Avataar Ventures' limited partners, including 57Stars, Pantheon, Unigestion, and The Evolvence Group. Other existing investors, such as Filter Capital, also participated. The funds will be used for share buyback, with approximately $20 million allocated for former and current employees. This is the company's fourth ESOP buyout since its inception in 2008.

Capillary Tech buys assets of customer loyalty services firm Kognitiv

Economic Times

Economic Times · 8m ago

Capillary Tech buys assets of customer loyalty services firm Kognitiv

Capillary Technologies, a Bengaluru-based customer engagement software firm, acquired assets from Canada's Kognitiv, focusing on customer loyalty services. This acquisition supports Capillary's expansion into North America, adding over 30 enterprise clients globally. Capillary, backed by Warburg Pincus, plans to go public and is seeing significant revenue growth, reporting a profit in 2025. Founded in 2008, the company supports major brands like Tata and Shell in their loyalty programs, enhancing its market influence.

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