Capillary Technologies, a SaaS platform for loyalty management and consumer engagement, has raised USD 45 million in Series D funding from a host of investors. Avataar Ventures, along with its LPs Pantheon Ventures, 57Stars, and Unigestion, as well as Filter Capital and Innoven Capital, are among them.

The new funds will be used for global expansion and to support the company's mergers and acquisitions strategy.

According to media reports, the Singapore-based startup has raised a total of USD 100 million in eight rounds of fundraising.

Capillary bought US-based Brierley in April, marking its fifth successful acquisition on a global scale and its second in the United States. Persuade, Sellerworx, Ruaha Technology Labs, and Martjack are among its other acquisitions.

The company said that it has achieved considerable growth in the US since the acquisition of Persuade in 2021, rising by a ratio of 3.5, adding that the US market accounts for more than one-third of total sales. 

Capillary Technologies, founded in 2012, has built a presence in several countries, including the United States, India, the Middle East, and Southeast Asia. 

Capillary claims to collaborate with over 250 enterprise brands and reach over one billion people globally, and is supported by investors such as Warburg Pincus and Sequoia Capital.