Mavenlink is an Irvine, CA-based provider of cloud-based software for the modern services organization. Led by CEO and co-founder Ray Grainger, the company offers a platform that unifies planning and delivery of work, project financials and resource management, and collaboration for distributed teams and clients. By centralizing operational processes and related business data on a single platform, Mavenlink gives organizations productivity, visibility and control that lead to improved business performance. Its solution is used by thousands of professional services and marketing services organizations. Customers include Salesforce.com, Qualtrics, Vizient, WPP, Genpact, IPG and Cornerstone OnDemand. The company raised $48m in Series E financing and intends to use the funds to continue to expand its global workforce. Mavenlink is an enterprise-class Software as a Service (SaaS) platform for modern services organizations that unifies essential functions to plan and deliver work, manage project financials and resources, and collaborate with distributed teams and clients. The company is led by CEO and co-founder Ray Grainger. Its client base includes Genpact, Salesforce.com, Cornerstone OnDemand, Buzzfeed, and thousands of consulting firms, IT services organizations, creative agencies, and professional services teams globally. Mavenlink is based in Irvine, Calif., and maintains a San Francisco engineering and product headquarters. The company raised $39m in a Series D and has raised $84m to date. It intends to use the funds to expand further in Europe and other global locations while growing its San Francisco engineering and product headquarters. Mavenlink is a global provider of SaaS-based integrated business management software serving project-based businesses. Its platform enables teams in marketing, public relations, management consulting, IT services and software implementation to manage service delivery from start to finish. Led by CEO and founder Ray Grainger, the company is based in Irvine, California. Mavenlink said it will use the new funding to accelerate product innovation and increase market penetration. The reported financing totaled $19M, consisting of capital from existing shareholders and a credit facility. Mavenlink provides a software-as-a-service platform offering project management and project accounting for small- to medium-sized businesses and divisions of larger enterprises. Its online environment enables real-time collaboration with clients and colleagues. The company partners with Google, Microsoft, Intuit and NetSuite. Led by CEO and founder Ray Grainger, Mavenlink was founded in 2008 and launched its first general product in January 2010. The company intends to use new funding to accelerate its expansion. No revenue or user metrics were disclosed in the article. Mavenlink offers a cloud-based workplace for service professionals, employees and businesses that utilize contractors to manage projects from inception to completion. Its platform combines collaboration, project management, file management, time tracking, invoicing and online payments in a single solution. The company said it will use the new funds for continued development of technology and services to support its user base. Mavenlink’s latest project management tools enable all project participants to actively shape the future direction of each project. The company built the apps using insight gathered from over three years of customer feedback and reports a 100K+ user base. Its products are available in the Google Apps Marketplace.

Total raised

$117M

Funding rounds

6

Latest round

Series E

Latest activity

Apr 2019