SilkRoad Technology provides cloud-based, end-to-end talent management solutions through its SilkRoad Life Suite. The SilkRoad Life Suite includes Talent Acquisition, Talent Development, and HRMS solutions delivered via a tablet-friendly Talent Portal. The platform is described as easy to deploy and use, intended to boost employee engagement and business performance. SilkRoad announced it received a $7.5 million venture loan to bolster liquidity. The company said the funds will be used for working capital to support current customers and to market its products to prospective organizations. Company and lender statements framed the financing as growth capital that supports an encouraging growth outlook. SilkRoad provides cloud-based, end-to-end talent management software, marketed as the SilkRoad Life Suite. The Life Suite includes Talent Acquisition, Talent Development, and HRMS modules delivered through a tablet-friendly Talent Portal. The company announced it has secured a new round of funding to bring its next-generation cloud products to market. Management plans to release the next-generation SilkRoad Life Suite in the fourth quarter of 2014. SilkRoad and its investors cite rapid growth in the human capital management market; the article references an IDC forecast of a $15.4 billion worldwide HCM market in 2018, growing at an 8.2% CAGR. Company leadership framed the raise as a vote of confidence from its marquee investors. SilkRoad offers Life Suite, a cloud-based talent management system that bundles HRMS, talent acquisition, and talent development applications for small- to mid-size businesses. The platform is designed to help customers find, attract, develop, and retain employees through an integrated set of HR tools. John Shackleton serves as President and CEO. The company serves customers across North America, Europe and Asia-Pacific. SilkRoad raised $16M in growth financing and plans to use the capital for product innovation across its software portfolio. The company has completed prior financings, indicating an active growth and funding history. SilkRoad offers an online human resources and social talent management platform that includes recruiting management, applicant tracking, and tools for managing global employees. The company focuses primarily on small and medium businesses while increasingly serving enterprise customers such as Toyota Tsusho, Juniper Networks, and Clear Channel Communications. SilkRoad operates roughly 20 global offices and employs about 400 people, with a strong presence in Europe and Asia. The company does not publish financial results, but analysts estimate annual revenue around $70 million. SilkRoad plans to use new funding for international expansion and product innovation and is preparing for a potential IPO in 2012–2013. Prior to the current round the company had raised about $94 million. SilkRoad Technology offers web-based human resource management solutions, including its Life Suite designed to strengthen and personalize employee experiences. The company serves over 1,500 customers in more than 50 countries and operates offices worldwide. Launched in 2003, SilkRoad plans to use new funding to expand its worldwide direct sales and marketing efforts. Management also intends to pursue strategic acquisitions and continue product development. The recent financing indicates external investor support for the company’s growth and product roadmap.

Total raised

$153M

Funding rounds

6

Latest round

Debt Financing

Latest activity

May 2015