Alignable, a Waltham, MA-based social network for small business owners, closed a funding round of $8m.
The round was led by new investor Mayfield (Menlo Park, California) with participation from existing investors Saturn Partners, NextView Ventures, and Lead Edge Capital.
The company, which has raised a total of $12m, plans to use the funds to continue to invest in building the product and expand its customer base.
Led by Eric Groves, co-founder and CEO, and serial entrepreneur Venkat Krishnamurthy, Alignable is a free social network for small business owners. Using the platform, small business owners connect with others nearby, within their industries based on their interests.
More than 7,000 communities across across all 50 states and Canada are using Alignable to build business networks to grow their businesses and succeed.