Capillary Technologies Closes $14M Series B Venture Financing Round

capillaryCapillary Technologies, a Mountain View, CA-based retail customer engagement management solution provider, closed a $14m Series B round of venture financing.

The round, which followed a $17m Series A funding received in 2012), was led by Sequoia Capital and Norwest Venture Partners (NVP).

The company intends to use the funds to enhance its platform and grow its partnership ecosystem, which already includes Blue Label Engage in South Africa, the American Express US Global Merchants Services group, and Agilysys, a developer and marketer of proprietary enterprise software, services and solutions to the hospitality industry.

Led by Aneesh Reddy, co-founder and CEO, Capillary Technologies provides a cloud-based, insights-driven, integrated marketing platform for retailers to manage their customer data, gain insights and personalize engagement across multiple channels.
Customers include Marks & Spencer, KFC, Lacoste, Keedo and Courts.

FinSMEs

17/07/2014

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