Accounting software company Xero bags $111m in funding

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Writer Matt Gallagher included Mavenlink in a finance news round-up. “Integrated business management software provider Mavenlink has raised $15 million in funding and a $4 million credit facility. The investment was led by Carrick Capital Partners and Silicon Valley Bank. The company will use the new funds for product development and expanding its global market share. ‘Since our initial investment in 2013, Ray Grainger and his team at Mavenlink have consistently exceeded Carrick’s high expectations,’ stated Jim Madden, Co-Founder and Managing Director of Carrick Capital Partners. ‘The company has achieved explosive growth, adding larger, sophisticated clients while continuing to earn the loyalty of their existing client base’.”

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