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Mavenlink

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Mavenlink
File:Mavenlink Logo 2015.svg.png
ISIN🆔
IndustrySoftware as a Service (SaaS)
GenreProject Management, Professional Services, Project management software
Founded 📆2008
Founder 👔
Headquarters 🏙️Irvine, California
Area served 🗺️
Worldwide
Products 📟 Project management software and services
Members
Number of employees
260[1]
🌐 Websitewww.mavenlink.com
📇 Address
📞 telephone

Mavenlink is an Irvine, CA-based software-as-a-service company that provides software and services for advanced project management, task collaboration, resource allocation, work management and professional services automation.

History[edit]

Mavenlink was founded in 2008 by Ray Grainger, Roger Neel and Sean Crafts,[2] who had previously worked at InQuira together. With the growth of cloud computing, the three saw an opportunity for small and medium-sized businesses to leverage enterprise software applications for managing projects and conducting business online, and to access a wide network of consultants and service providers.[3]

The name Mavenlink was partially inspired by the concept of “Mavens,” an information specialist personality type described in The Tipping Point by Malcolm Gladwell.[4]

In April 2009, the first Mavenlink software platform was released in beta and in January 2010 it was made generally available to the public.[3]

In June 2010, Mavenlink was integrated with Google Apps,[5] and in January 2011, the software was integrated with Intuit's Quickbooks software.[6][7]

By February 2011, the company reported approximately 200,000 subscribers to the Mavenlink software.[8]

In July 2017, the company opened its first European office in London, and reported 2,000 customers in 100 countries.[1]

Funding history[edit]

In February 2009, Mavenlink secured $1 million in investment capital during its Angel round of funding, which was led by current and former Accenture partners. In November 2011, Mavenlink secured $3.9 million from Quest Software, Inc. and Madden Capital Partners, LLC., and in January 2012, the company received an additional $3 million from Quest Software, Inc. and Madden Capital Partners, LLC.[8][9][10] In December 2013, Mavenlink received an institutional investment from Carrick Capital Partners in the amount of $7 million.[11][12][13] In February 2015, the company announced a $19 million funding round led by San Francisco-based Carrick Capital Partners LP and Silicon Valley Bank in Santa Clara.[14] In November 2016, the company announced a Series D funding round of $39 million from Goldman Sachs.[15]

Operations[edit]

The company has offices in Irvine, California; San Francisco, California; Salt Lake City, Utah; Boston, Massachusetts[citation needed] and London, England.[1]

See also[edit]

References[edit]

  1. 1.0 1.1 1.2 "Conexant Taps Into China Market With Voice Deal". ocbj.com. 2017-07-17. Retrieved 2017-07-18.
  2. Christophe Primault (October 2010). "Interview with Ray Grainger, Founder & CEO of Mavenlink". GetApp.
  3. 3.0 3.1 Sam Melon (September 2012). "Antarctica Explorer and Mavenlink Founder Ray Grainger on Customer Satisfaction and Gives Startup Advice". killerstartups.com.
  4. Ashley Crossman (December 2000). "The Tipping Point: An Overview of the Book by Malcolm Gladwell". About.com.
  5. Courtney Boyd Meyers (September 2011). "When Google+ launches for brands, how will SMBs react?". The Next Web.
  6. Christina DesMarais (November 2012). "5 Apps That Make QuickBooks Better". Yahoo Small Business Advisor.
  7. Heather Clancy (July 2012). "Mavenlink allows for ad hoc collaboration". zdnet.com.
  8. 8.0 8.1 Tomio Geron (November 2011). "Mavenlink Raises $3.9 Million for External Collaboration Service". Forbes.
  9. Jennifer Van Grove (November 2011). "Mavenlink Raises $3.9M for Start-to-Finish Project Management Tool". Venture Beat.
  10. "Mavenlink Confirms $3.9M Fundraising". SoCalTech.com. November 2011.
  11. "Mavenlink Receives $7M Investment from Carrick Capital Partners". FinSMEs.com. December 2013.
  12. Rebecca Grant (December 2013). "Funding Daily: Sugar High". Venture Beat.
  13. "Carrick Capital Partners Announces $7MM Investment in Mavenlink". Yahoo Finance. December 2013.
  14. "Irvine Software Firm Gets $19M". ocbj.com. 2015-02-24. Retrieved 2017-07-24.
  15. "Mavenlink Raises $39M From Goldman Sachs". socaltech.com. 2016-11-16. Retrieved 2016-12-05.

External links[edit]


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