Mavenlink, a global provider of integrated business management software, today announced it garnered $19 million in growth capital, composed of $15 million
contributed by shareholders and a $4 million credit facility. The round of funding was led by Carrick Capital Partners and Silicon Valley Bank.
“Mavenlink has demonstrated the ability to expand on an exceptional technology platform and deliver product features in extraordinarily fast release cycles,” said Steve Unterberger, managing director of operations at Carrick Capital Partners. “This additional funding will be used to further accelerate the company’s product development, support sales growth, and continue driving up market to serve more large enterprises.”
Mavenlink’s software solution enables product-based businesses, including IT services, marketing, and public relations, to manage and grow their business.