# Redbooth

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/redbooth

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.redbooth.com
- Total disclosed funding: $18M
- Latest round: Series B (Nov 17, 2014)
- Investors on record: 6

## About

Redbooth, Inc. is a cloud-based project management and collaboration platform that enhances team productivity through effective task organization and communication, catering to diverse global clients.Redbooth, Inc. provides a robust platform for project management, founded in 2008 in Palo Alto, US. The firm underwent a strategic merger with Air Computing, Inc. in September 2017. CEO John Gabaix leads the company, which has raised a total of USD 11.00 mn through its SERIES B funding round led by Altpoint Capital, resulting in a current company valuation of USD 56.297 mn.Redbooth's core offerings center around a cloud-based project management and collaboration platform designed to enhance task organization, communication, and productivity for teams. The platform enables users to manage tasks through various views such as boards, lists, and timelines, allowing for flexible project planning. Key features include task assignment, due dates, tags for filtering, and threaded conversations for effective collaboration. Redbooth also incorporates HD video conferencing capabilities, facilitating seamless meetings for teams. The platform serves a diverse client base, including organizations like UNICEF, Ritz Carlton, and NBC, utilized by teams globally in North America, Europe, and Asia, addressing challenges of project visibility and interdepartmental communication.Redbooth generates revenue primarily through subscription-based pricing models, offering tiered plans that cater to diverse organizational needs. These plans provide varying levels of access to the platform's features, including advanced project management tools and reporting capabilities, allowing businesses to subscribe to individual or team plans that enable collaboration on projects. The company operates under a software-as-a-service (SaaS) model, ensuring continuous updates and support for clients, fostering long-term relationships and high user engagement.Redbooth plans to leverage recent funding from the SERIES B round to enhance its product offerings and expand into new markets. The merger with Air Computing, Inc. is expected to bolster its capabilities and product range. The company is focusing on enhancing its platform with new features aimed at improving team collaboration and productivity, with rollout plans targeted within the next year. Additionally, Redbooth seeks to expand its presence in European and Asian markets, aiming for increased adoption of its project management tools in these regions by 2020.

## Funding rounds

- Series B, Nov 17, 2014, $11M — Avalon Ventures, Altpoint Capital
- Series A, Oct 22, 2013, $5M — Avalon Ventures, DCVC
- Angel, May 10, 2012, $1.5M — Keiretsu Forum, DCVC, Fundación José Manuel Entrecanales, 4Founders Capital

## Investors

- Keiretsu Forum — Angel
- DCVC (https://capitalatlas.ai/funds/dcvc) — Angel, Series A
- Fundación José Manuel Entrecanales (https://capitalatlas.ai/funds/fundacion-jose-manuel-entrecanales) — Angel
- 4Founders Capital (https://capitalatlas.ai/funds/4founders-capital) — Angel
- Avalon Ventures (https://capitalatlas.ai/funds/avalon-ventures) — Series A, Series B
- Altpoint Capital (https://capitalatlas.ai/funds/altpoint-capital) — Series B