Grainger’s Mavenlink Raises $48 million

Grainger, RayRay Grainger, CEO of software maker Mavenlink and a member of Sage Executive Group in Orange County, received press attention in the Orange County Business Journal for raising $48 million in a Series E financing round.

Mavenlink makes cloud-based software to help service companies manage projects. Grainger  told the Business Journal in September that the company plans to nearly double employment within 18 months to more than 320 workers at its Irvine headquarters.

Mavenlink has raised $112 million since its 2008 inception.