Silk Raises Nearly $500K in Funding

We recently reported on the impressive Amsterdam startup, Silk, winner of the TNW Startup Rally: “Silk is an app for the web that helps you collect, sort and view the information that you need without making you comb through the data yourself. It also allows content creators to provide their content in a more structured manner on the web. This is an app that will allow you to better navigate the semantic web seas, also known as Web 3.0.” According to a recent article, “Silk announced it has completed a €320,000 ($475,000) funding round led by Atomico, the venture capital firm led by Niklas Zennström, who also co-founded Skype.”

The article continues, “The new funds will be used to bring the product and technology to market and scale up development efforts. When asked more specifically what the funding will be used for, Silk’s CEO Salar al Khafaji says, ‘It’s actually very normal. We have been focused on development for that last year and a half, and now we need to do stuff like marketing, sales, talking to customers, etc. So the first thing we’re doing right now is working closely with content publishers who are looking to create more engaging content on the web (such as TNW). We’ll move to a self-service model around Q3, which means that people will be able to create their own Silk site just like they can create their own Blog.’”

Image: Courtesy Flickr/ AMagill