Mavenlink Confirms $3.9M Fundraising

Irvine-based Mavenlink, a developer of software tools for managing projects with clients, contracts, and consultants, has raised $3.9M in funding from Quest Software and Madden Capital Partners, according to the firm today. Mavelink, which is headed by Ray Grainger, develops tools used for tracking projects and documents, managing online invoices, time and expense tracking, and more. Grainger was previously Executive Vice President of Professional Services and Strategic Alliances at InQuira. socalTECH had first uncovered the funding in September.