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.
