AAA Existing investors to invest $15m in Capillary

Existing investors to invest $15m in Capillary

Capillary Technologies, the Singapore-based developer of a cloud marketing platform, is seeking funding from existing investors including American Express and Qualcomm for a $15m funding round, Business Standard reported on Monday.

American Express Ventures, the corporate venture capital arm of payment services firm American Express, invested $4.5m in Capillary in February 2014.

Qualcomm Ventures, the corporate venturing unit for telecommunications equipment manufacturer Qualcomm, had already participated in the company’s $15.5m series A round in September 2012 alongside venture capital firms Norwest Venture Partners and Sequoia Capital.

A Capillary Technologies official told Business Standard that several new investors had expressed interest in the company’s latest fundraising, but Capillary’s management valued its relationship with its existing investors and so had decided to stick with them.

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