Congratulations to LaunchPad Alumni, Mavenlink, for receiving $48M in funding in their Series E round. Mavenlink, a cloud based project management platform, graduated OCTANe's LaunchPad Accelerator in 2010 when they were seeking their frist round of venture funding at $1.6M. Since their inception in 2008, they have received $120.53M in funding to date.
"Its great to see a solid technology company on the rise in the past 11 years, thats employing new talent in the Orange County area" says JC Ruffalo, Director of LaunchPad SBDC at OCTANe.
"We're thrilled to have the support of our stellar investment partners, Goldman Sachs Growth Equity, and Orange County-based Carrick Capital Partners, as we continue on our path of rapid growth and innovation in pursuit of our vision," said John Reese, Mavenlink SVP of Marketing. "To help take advantage of the incredible market opportunity in front of us, we're adding team members in our offices around the globe, including our recently-expanded headquarters facility in Irvine."