InnoVen Capital Backs Capillary Technologies, Simplilearn With Loans Worth $6 Million

Venture debt firm InnoVen Capital has backed Omni-channel Engagement and Commerce solution startup Capillary Technologies and ed-tech company Simplilearn Solutions, in a deal amounting to $6 million.

Started in 2008 as a venture debt provider in India, InnoVen Capital lends capital to startups in the range of $50,000 to $5 million for an average of 36 months at an interest rate of 13-19%. The latest round of fundings to Capillary and Simplilearn will help both the companies to expand beyond their home markets as they advance on their global ambitions.

Written by Shaik Zakeer Hussain

Shaik Zakeer Hussain is a former Sr. Correspondent at NextBigWhat. You can get in touch with him here: linkedin.com/in/shaikzakeerhussain or follow him here: twitter.com/zaknetic.