Capillary Technologies receives $45 million in funding from Avataar Ventures and its LPs after postponing its IPO

Capillary Technologies receives $45 million in funding from Avataar Ventures and its LPs after postponing its IPO.

Avataar Ventures and its limited partners (Pantheon, 57Stars, and Unigestion), Filter Capital, and Innoven Capital also participated in the funding round.

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The business said in a statement that the new cash will be used to grow its global operations as well as for mergers and acquisitions.

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The fundraising news comes nearly a month after the SaaS business paid an undisclosed sum.

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