Online 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."
Monday, May 14, 2012
Social Talent Management Solution SilkRoad Secures $35M Series C Round, Preps For Potential IPO
Online 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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