SilkRoad Completes $35M Series C Financing

SilkRoad, a Chicago, IL-based provider of social talent management solutions, has completed a $35m Series C financing.

Backers include new investors Keating Capital (NASDAQ: KIPO) and NTT Finance (NYSE: NTT) and existing investors Intel Capital, Crosslink Capital, Foundation Capital, Azure Capital and Tenaya Capital.

The company intends to use the capital to extend its sales capabilities globally, mainly in the Americas, and its R&D efforts for product localization in preparation for a potential 2012-2013 initial public offering.

Led by CEO and founder Flip Filipowski, SilkRoad is a global provider of cloud-based web 2.0 and social media talent management software SilkRoad’s Life Suite┬« currently supporting 18 languages.
The company also has offices in London, France and Japan.



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