Mavenlink raises $3.9M to accelerate development of project management platform with 100,000+ users

Nov. 9, 2011 - PRLog -- IRVINE, CA - Mavenlink (http://www.mavenlink.com), an online workplace where people can efficiently work together and conduct business, announced that it has raised an additional $3.9 million in capital. The funding will be used for continued development of technology and services to support the company's growing user base of over 100,000 users and the vision it shares with those users for redefining the way people work together online.

Mavelink’s cloud-based workplace lets service professionals, employees, and businesses that utilize contractors, manage projects from inception to completion. Mavenlink brings together collaboration, project management, file management, time tracking, invoicing and online payments together under one umbrella.

“The workforce that businesses need today is more flexible than ever. A growing number of telecommuters, freelancers, consultants, and outsourced services are replacing the traditional 9-5,” said Mavenlink CEO Ray Grainger. “We’re committed to providing these virtual teams and project-based workforces with technology that centralizes their information and allows them to work efficiently in the cloud.”

Mavenlink’s latest project management tools leverage insight gathered from over three years of intensive customer feedback from its 100K+ user base. The solution blends best practices from agile and traditional management. The result is an intuitive and comprehensive project management system that lets all project participants actively shape the future direction of each project.

With five stars, Mavenlink is among the top-rated project management apps in the Google Apps Marketplace. Tiered pricing plans (including a free plan) offer the right fit for large enterprises and individual freelancers alike.

About Mavenlink
Mavenlink is the first online interactive workplace created for today's networked economy. Its cloud-based, advanced and agile technology allows users to privately manage every aspect of their business relationships, from negotiations to payments and every step in between, more efficiently than ever before.

Mavenlink provides the ability to collaborate on projects, create trusted networks and to conduct business using comprehensive and simple transaction tools. The result is an online interactive workplace environment that is fast, flexible and intuitive.  It is so simple and powerful that it allows anyone to compete globally and effectively whether they are a one-person shop or part of a Fortune 100 company. For more information, go to http://www.mavenlink.com