Warburg Pincus Invests in Capillary Technologies and OnlinePajak (Asia)
Source(s): Capillary Technologies, OnlinePajak
Global private equity fund manager Warburg Pincus has led a new financing round for Singapore-based customer relationship management (CRM) software provider Capillary Technologies. The company develops artificial intelligence-based consumer loyalty, engagement and analytics solutions for retailers in Asia and plans to use the funds primarily to expand its presence in China. Financial details of the transaction were not disclosed. Separately, Warburg has led a US$25-million Series B funding round for Indonesia-based tax compliance services company OnlinePajak. Other investors in the round include Global Innovation Fund, Endeavor Catalyst, Alpha JWC Ventures, Sequoia Capital and Primedge.