Tuesday, September 25, 2012

Capillary Technologies Snags $15.5M For Loyalty Software

Capillary Technologies, a startup developing cloud-based software for managing customer loyalty, announced today that it has raised $15.5M in a Series A funding round. The round was led by Norwest Venture Partners, and also included Sequoia Capital and Qualcomm Ventures. The firm is based in Singapore, but has U.S. offices in Palo Alto. Capillary said the funds go to bolster its presence here in the U.S. Mohan Kumar of NVP and Shailesh Lakhani of Sequoia join the company's board with the funding. More information »