SilkRoad Raises 16 Million in Financing

August 16, 2013 – SilkRoad, a provider of cloud-based talent management solutions, has secured $16 million in growth financing, bringing total funds raised to $145 million. Investors include Foundation Capital, Intel Capital, Azure Capital Partners, Keating Capital and Crosslink Ventures. This new funding will be used to fuel ongoing product innovation across SilkRoad’s life suite talent management software to support rapid company growth. SilkRoad’s Life Suite is a cloud-based talent management system for small to mid-size businesses, offering an integrated set of HRMS, talent acquisition, and talent development applications that enable customers to find, attract, develop, and retain talent. “SilkRoad is at the forefront of a growing global opportunity to serve the evolving HR needs of the mid-market,” said John Shackleton, SilkRoad’s president and CEO. “We’ve forged a distinctive path as an HCM provider by offering industry-leading innovation to under-served markets and we’re poised for continued growth.”