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Valuation

$15M

2024 Revenue

$18.5M

Customers

100K

Funding

$35M

YOY

90.1%

Avg ACV

$185

Team

95

Founded

2006

How RedTeam CEO Michael Wright grew to $18.5M revenue and 100K customers in 2024.

RedTeam is a complete Construction Project Management and Financial solution for commercial contractors.

Manage all aspects of your construction process by communicating and collaborating online with RedTeam cloud based project management solution. With an intuitive interface and real-time updates, RedTeam enables construction and project finance teams to collaborate effectively online at all stages of a project. From business development and pre-construction through final billing.

Last updated

RedTeam Revenue

In 2024, RedTeam's revenue reached $18.5M. The company previously reported $9.7M in 2023. Since its launch in 2006, RedTeam has shown consistent revenue growth.

RedTeam Revenue GrowthReported revenue / ARR over time$0$4M$8M$12M$16M$20M2006200820102012201420162018202020222024$0$6.9M$18.5MSource: GetLatka.com
YearMilestoneQuote
2024RedTeam Hit $18.5m revenue in October 2024
2023RedTeam Hit $9.7m revenue in December 2023
2021RedTeam Hit $6.9m revenue in April 2021
2006Launched with $0 revenue

RedTeam Valuation, Funding Rounds

RedTeam reached a $15M valuation in 2017, set during its Seed Round round.

RedTeam has raised $35M in total funding across 5 rounds, most recently a $28M Series B round in 2022.

RedTeam Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$3M$7.5M$6M$15M$9M$22.5M$12M$30M$15M$37.5M200620082010201220142016201820202022$14MSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2022Series B$28M--
2020Series A$5M--
2018Seed Round$299.1K--
2017Seed Round$75K--
2017Seed Round$1.6M$14M11%

Founders

Michael Wright

Founder and Chief Strategy Officer

Michael Wright is listed as Founder and Chief Strategy Officer at RedTeam.

Jim Atkinson

CEO

Jim Atkinson is listed as CEO at RedTeam.

Q&A

QuestionAnswer
What's your age?-
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Favorite book?-
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Advice for 20 year old self-

Customers

RedTeam serves 100K customers.

RedTeam Employees & Team Size

RedTeam employs approximately 95 people as of 2026, down from 118 in 2023, including 13 sales reps that carry a quota. It serves 100K customers that rely on its solutions.

RedTeam Team GrowthReported headcount over time02550751001252006200820102012201420162018202020222024009595Source: GetLatka.com
YearMilestone
2024Reached 95 employees (December 2024)
2024Reached 118 employees (October 2024)
2023Reached 118 employees (December 2023)
2023Reached 118 employees (September 2023)
2023Reached 115 employees (January 2023)
2022Reached 114 employees (December 2022)
2022Reached 77 employees (February 2022)
2022Reached 112 employees (January 2022)
2021Reached 100 employees (December 2021)
2021Reached 100 employees (August 2021)
2021Reached 94 employees (April 2021)

Frequently Asked Questions about RedTeam

What is RedTeam's revenue?

RedTeam generates an estimated $18.5M in annual revenue.

Who founded RedTeam?

RedTeam was founded by Michael Wright.

Who is the CEO of RedTeam?

The CEO of RedTeam is Michael Wright.

How much funding does RedTeam have?

RedTeam raised $35M across 5 rounds.

How many employees does RedTeam have?

RedTeam has 95 employees.

Where is RedTeam headquarters?

RedTeam is headquartered in Orlando, Florida, United States.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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