Eight Roads Ventures India invests in US-based textiles tech firm Silq's $17.6 M round

Eight Roads Ventures India has participated in the $17.6 million in Series A funding round for US-headquartered Silq. The round was co-led by Eight Roads affiliate F-Prime Capital and Flexport Ventures. Existing investors Surface Ventures, Forum Ventures and other angels also participated in the round. As part of the round, Ben Gorman of F-Prime Capital joins the board. Led by its CEO Ram Radhakrishnan, Silq's platform provides apparel, footwear, home goods and accessory brands with transparency into real-time production progress. The new funding will be used to expand Silq's global footprint of factory partners, grow its team of trained experts, including on-site merchandisers and quality inspectors across Asia and strengthen Silq's technology platform, equipping brands with crucial production data and updates.