Project management Software as a Service company Mavenlink Inc. has raised $39 million in a Series D round led by Goldman Sachs.

Founded in 2008, Mavenlink offers software and services for advanced project management, task collaboration, resource allocation, work management and professional services. The company claims to offer services that transform how businesses work with distributed teams, contractors and clients around the globe through a technology suite that integrates with Google Apps such as Gmail, Google Docs and Google Calendar.

Mavenlink services consulting firms, IT services organizations, creative agencies and professional services teams, with clients such as Genpact, Salesforce.com, Cornerstone OnDemand and Buzzfeed. By raw numbers, over $10 billion in services has been processed by Mavenlink’s platform, with more than 24.6 million tasks created and 1.9 million projects managed.

“There is tremendous disruption and transformation happening across the $3 trillion global services market,” Mavenlink Chief Executive Officer and cofounder Ray Grainger (above) said in a statement. “Practices and approaches that used to work just fine have become inadequate, and that’s where we come in.”

While the company has not said anything on the record, the size of the round for a startup that is relatively mature could indicated Mavenlink is preparing itself to go public in 2017, and the fact that frequent IPO underwriter Goldman Sachs led the round gives the theory credence.

Including the new round, Mavenlink has raised $84 million to date. Previous investors included Quest Software and Madden Capital Partners. The company said it would use the new money to continue their current major expansion plans that includes the addition of two new U.S. locations and well as plans to expand into Europe and “other global locations.”

Image credit: Mavenlink