PE Fund Investments
Retail s’ware maler Capillary attracts $95-M in secondary investments as AmEx exits
Capillary Technologies , which provides customer engagement and loyalty software services to companies, has seen USD 95 million worth of its shares change hands, via secondary transactions, to Avataar Venture Partners (an existing investor with a 19% stake) and its Limited Partners (including 57Stars, Pantheon, Unigestion, and The Evolvence Group). As a part of the latest transaction, Capillary has also attracted USD 6 million from angel investors including Ajay Gupta, former senior partner at McKinsey & Company, and Hal Brierley, founder of Brierley+Partners, among others. The deal saw American Express and Warburg Pincus taking full and partial exits respectively, along with some angel investors.
In June 2023, Capillary had attracted USD 45 million in primary investments via the first tranche of the Series D round.
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