NEA backs Silk with $1.6m

The fresh funding will be used by Silk to expand its product base, as well as continue improving its platform. In conjunction with the capital injection, Silk is rolling out its first paid product, Silk for Teams.

The company has also relaunched its site with a new domain. Previously silkapp.com, the company can now be found at silk.co.

Previous funding
Silk first received seed funding in April 2011. Atomico Ventures supplied the start-up with $475,000 in its first funding round.

Atomico then took part in a second funding round for Silk alongside NEA. The two firms committed $1.6m to the company.

Company
Founded in 2009, Silk is headquartered in Amsterdam and currently employs 11 staff. The company provides a platform that allows users to create interactive visualisations from data sets, designed to allow non-technical people to utilise data. Data sets are published via silk sites and can be presented in several ways, with the ability to filter and structure data accordingly.

People
Salar al Khafaji is the CEO and co-founder of Silk, alongside co-founder Lon Boonen. NEA general partner Pete Sonsini worked on the firm's previous investment in Silk.

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