SilkRoad, a provider of talent management solutions, has raised $35 million in new venture financing.
The company, which was founded and remains led by Triad entrepreneur Flip Filipowski, also says it is eyeing a potential IPO later this year or in 2013.
SilkRoad maintains an office in Winston-Salem but its headquarters are now located in Chicago.
New investors include Keating Capital and NTT Finance. Returning investors include Intel Capital, Crosslink Capital, Foundation Capital, Azure Capital and Tenaya Capital.
Research firm IDC estimates the human capital management market to be $8.1 billion by 2015.
SilkRoad now has offices worldwide, and its product Life Suite supports 18 languages.
“The HCM space is ripe with opportunity, which we witnessed in 2011 when our bookings increased by 50 percent,” Filipowski said. said “We also see tremendous opportunity in the small business market, which has been largely underserved by talent management providers. Our Life Suite solutions are robust enough for large enterprises and ideally suited to meet the needs of SMBs. This financing will allow us to enhance our cloud-based social talent management solutions so that companies of all sizes can cultivate their most prized asset – their talent.”