Mavenlink Raises $19M in Funding

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Writer Ermanno Cece summarized Mavenlink’s funding announcement and plans for the additional capital.

“Mavenlink, an Irvine, California-based provider of integrated business management solutions, raised $19m in funding. The round, comprised of $15m in capital contributed by existing shareholders and a $4m credit facility, was led by Carrick Capital Partners and Silicon Valley Bank. The company intends to use the funds to accelerate product innovation, and market penetration.”

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