Capillary Technologies Raises $15.5 Million Series A Investment From Norwest Venture Partners and Sequoia Capital

Capillary Technologies Raises $15.5 Million Series A Investment From Norwest Venture Partners and Sequoia Capital PR Newswire LONDON, September 25, 2012 LONDON, September 25, 2012 /PRNewswire/ -- Leader in Cloud-based Loyalty, Mobile and Social CRM Solutions Accelerates its Expansion into the European Market to Help Retailers Drive Sales Through Intelligent Customer Engagement Capillary Technologies, a leading provider of cloud-based software solutions that help retailers to intelligently engage with customers through mobile, social and in-store channels, today announced that it 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. Mohan Kumar of NVP and Shailesh Lakhani of Sequoia have joined Capillary's board of directors. Capillary will use the capital infusion to bolster its presence in the European market and enhance its product portfolio to meet the needs of a broad range of retailers worldwide. Capillary's cloud-based platform powers end-to-end customer engagement, clienteling, loyalty and social CRM solutions for more than 100 major brands across 10,000 stores-serving over 50 million consumers - in the United Kingdom, United States, South East Asia, Greater China, India, Middle East and South Africa.