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Capillary Technologies Raises $15.5M

[Techtaffy Newsdesk]

Capillary Technologies, a provider of cloud-based software solution,  has closed a $15.5 million Series A round of venture financing led by Sequoia Capital and Norwest Venture Partners (NVP). Existing investor Qualcomm Ventures also participated in the round.

Capillary will use the capital infusion to expand to the U.S. market and further its presence in South East Asia, Europe, Middle East and Africa, and expand its product portfolio, says the company.

Capillary’s customers include Pizza Hut, Puma, Robinson’s, United Colors of Benetton, Mothercare, Store21, Sunglass Hut and Nike, among others.

Mohan Kumar of NVP and Shailesh Lakhani of Sequoia have joined Capillary’s board of directors.

Based in Singapore, Capillary’s offices are located in Singapore, Malaysia, Hong Kong, India, United Kingdom, USA, Emirates, Bahrain and South Africa.

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