Mavenlink, an Irvine, CA-based provider of cloud-based software for the modern services organization, raised $48m in Series E financing.
The round was led by existing investors Carrick Capital Partners and Goldman Sachs Growth Equity.
The company intends to use the funds to continue to expand its global workforce.
Led by Ray Grainger, CEO and co-founder, Mavenlink provides a technology platform that unifies all essential functions of services organizations, allowing them to plan and deliver work, manage project financials and resources, and collaborate with distributed teams and clients. By centralizing all critical operational processes and related business data on a single platform, the company gives these organizations productivity, visibility, and control, which leads to improved business performance.
Mavenlink’s solution is used by thousands of professional services and marketing services organizations. The company’s client base includes Salesforce.com, Qualtrics, Vizient, WPP, Genpact, IPG, and Cornerstone OnDemand, among others.