Funding Round-up: Capillary Raises $14M, Urban Ladder Raises $20M & Reviews42 Raises $5M
Capillary Raises $14M Led By Sequoia Capital, Norwest VP & Others
Capillary Technologies, a cloud-based retail customer engagement management platform has raised a $14 million Series B round of venture financing. The funding was led by Sequoia Capital and Norwest Venture Partners (NVP).
They had previously raised $17 million of Series A funding received in 2012 by Sequoia, Norwest and Qualcomm.
Capillary’s Intelligent Customer Engagement™ (ICE) platform helps retailers to quickly and easily manage their customer data, gain insights and personalize engagement across multiple channels, driving a significant increase in sales and loyalty.
Capillary’s platform powers more than 150 major brands across 10,000 retail locations, bringing instant shopper gratification to over 100 million consumers across the world.
Urban Ladder Raises $20M Series B Funding From Steadview, SAIF & Kalaari
Bangalore based Urban Ladder which runs online home furnishing platform has raised INR 120 crore ($20 million) in series B round Steadview Capital, with participation from their existing investors SAIF Partners and Kalaari Capital.
They had previously raised $5 million from SAIF Partners (Nov 13), and $1 million from Kalaari Capital (Aug 2012).
The funds raised in this round will be utilized to bring in more products, improve customer experience on their platform and double their employee base in next six months.
Urban Ladder was launched in July 2012 by Ashish Goel and Rajiv Srivastava and a online shopping platform that has furnishing products across categories like beds, sofas, dining tables, tables and bar units, storage and shelves, seating and accessories.
Reviews42 raises $5M Series B From Tiger Global & Nirvana Ventures
Online consumer products research platform Reviews42 has raised second round of funding worth USD 5 million from Tiger Global Management LLC and Nirvana Venture Advisors. The funds raised in this round will be utilized in product development, expanding their team and infrastructure.
Previously, Reviews42 had raised undisclosed amount of funding from Nirvana Venture Advisors, Blume Ventures & others.
Apart from raising their second round of funding, the company has rebranded itself to ‘Zopper’. The rebranding exercise has been undertaken to signify their broad capabilities in the area of price comparison, product discovery and user reviews.
Zopper was founded in 2011 by IIT/IIM Alumnus and offers consumer product research platform focused on products, merchants and prices discovery for online and offline shoppers.