Monday, May 14, 2012

Social Talent Management Solution SilkRoad Secures $35M Series C Round, Preps For Potential IPO

SilkRoad_logoOnline human resources and social talent management solution?SilkRoad?just announced that it has raised a $35 million Series C financing round. The investors in this round include new investors Keating Capital and NTT Finance, as well as existing investors?Intel Capital, Crosslink Capital, Foundation Capital, Azure Capital and Tenaya Capital, amongst others. In its announcement today, SilkRoad stressed that this was an oversubscribed round.?The company plans to use this new funding to support its international expansion and "product innovation." SilkRoad also expects to use this money to prepare for "a?potential?2012-2013 initial public offering."

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