Mavenlink Finds $19M For Project Management Tools

STC

Writer Ben Kuo summarized Mavenlink’s funding announcement news. “Irvine-based Mavenlink, the developer of business and project management software led by Ray Grainger, said Tuesday that it has raised $19M in a round of funding. The funding was split between $15M in equity, plus $4M in a credit facility. The equity investment was led by Carrick Capital Partners, and the credit facility came from Silicon Valley Bank. Mavenlink’s business software is aimed at project management, particularly in the areas of marketing, IT services, software implementation, management consulting, and similar areas.”

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