SilkRoad Raises $16 Million

Posted Aug 13, 2013

SilkRoad is Chicago-based end-to-end HR solutions platform company that has raised $16 million in a new round of funding and has a total of $145 million in funding.  Investors in this round include Foundation Capital, Intel Capital, Azure Capital Partners, Keating Capital, and Crosslink Ventures.

SilkRoad helps small and medium sized companies find and retain employees.  SilkRoad currently has 1,800 customers in North America,

“SilkRoad is at the forefront of a growing global opportunity to serve the evolving HR needs of the mid-market,” stated SilkRoad president and chief executive officer John Shackleton. “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.”