SilkRoad, a Chicago, IL-based global provider of cloud-based talent management solutions, raised $16m in growth financing.
Investors included Foundation Capital, Intel Capital, Azure Capital Partners, Keating Capital (NASDAQ: KIPO), and Crosslink Ventures.
The company intends to use the capital for product innovation across its software.
Led by John Shackleton, President and CEO, SilkRoad provides Life Suite, a cloud-based talent management system for small to mid-size businesses (SMB). It offers an integrated set of HRMS, Talent Acquisition, and Talent Development applications that enable customers to find, attract, develop, and retain their best people.
The company now serves global locations across North America, Europe, and Asia-Pacific.