Mavenlink — an Irvine, California, based cloud-based software startup targeted at professional and marketing services organizations — has raised $48 million Series E funding led by Goldman Sachs and Carrick Capital Partners, both prior existing investors in the company. Mavenlink has now raised some $112 million in total funding according to Crunchbase data.

Silicon Valley Bank is another known investor in the company. Mavenlink makes cloud-based software for professional services organizations to run their operations. The company counts the likes of Salesforce, WPP, Vizient, Qualtrics, and Cornerstone OnDemand as customers and currently operates four offices in the U.S. and three foreign offices in London, Melbourne, and the Philippines.

Mavenlink logo image: Mavenlink

“It’s such an exciting time to be serving professional and marketing services industries,” Mavenlink co-founder and CEO Ray Grainger said in a statement. “The tide is rising, businesses are growing, competition is heating up, and there’s tremendous need for process and technology transformation in order to compete and thrive in the years ahead. We’re thrilled to be enabling that transformation and leverage this additional investment capital to accelerate our next waves of innovation.”

Mavenlink’s customers currently span some 100 countries globally.

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