Capillary Technologies, a cloud-based software solution provider for retailers, has raised $45 million in Series C round of funding led by an affiliate of PE firm Warburg Pincus. Existing investors Sequoia Capital and Norwest Venture Partners also participated in the round.
Capillary will use the capital infusion to expand its offerings to enable clients to develop an omni-channel view of their customers, both organically by broadening its product suite, as well as inorganically via the acquisition of MartJack, Asia’s leading Multi Channel Commerce provider.
Capillary’s cloud-based platform, which can integrate into virtually any point-of-sale device, offers a one-stop solution for retail marketers to engage with their customers, by capturing and analyzing customer data, and enabling targeted customer communications to increase loyalty and engagement. By combining big data with its analytics engine, Capillary optimizes the relevance and profitability of personalized offers to consumers in real-time.
“Warburg Pincus needs no introduction for the kind of strategic direction and commitment they bring to the table, in addition to the investment. This funding round validates our model and vision of enabling retailers to harness the power of the cloud and to provide a deeper connect for consumers across channels. It also puts us on the path to being one of Asia’s true product bellwethers, which will establish us as a strong contender on the global map of Enterprise SaaS solutions” said Aneesh Reddy, co-founder and CEO of Capillary Technologies.