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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
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 reached a $15M valuation in 2018, 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.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2022 | Series B | $28M | - | - | |
| 2020 | Series A | $5M | - | - | |
| 2018 | Seed Round | $299.1K |
Founder and Chief Strategy Officer
Michael Wright is listed as Founder and Chief Strategy Officer at RedTeam.
| Question | Answer |
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| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
RedTeam serves 100K customers.
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 generates an estimated $18.5M in annual revenue.
RedTeam was founded by Michael Wright.
The CEO of RedTeam is Michael Wright.
RedTeam raised $35M across 5 rounds.
RedTeam has 95 employees.
RedTeam is headquartered in Orlando, Florida, United States.
RedTeam operates across multiple industries. Browse revenue, funding, and growth data for RedTeam in each sector below.
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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Valuation
$15M
2024 Revenue
$18.5M(Est.)
Customers
100K
Funding
$35M
Avg ACV
$185
Team
95
Founded
2006
| Year | Milestone | Source |
|---|---|---|
| 2024 | RedTeam Hit $18.5m revenue in October 2024 | Estimated |
| 2023 | RedTeam Hit $9.7m revenue in December 2023 | Estimated |
| 2021 | RedTeam Hit $6.9m revenue in April 2021 | |
| 2006 | Launched with $0 revenue |
| - |
| - |
| 2018 | Seed Round | - | $15M | - |
| 2017 | Seed Round | $75K | - | - |
| 2017 | Seed Round | $1.6M | $14M | 11% |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 95 employees (December 2024) | |
| 2024 | Reached 118 employees (October 2024) | |
| 2023 | Reached 118 employees (December 2023) | |
| 2023 | Reached 118 employees (September 2023) | |
| 2023 | Reached 115 employees (January 2023) | |
| 2022 | Reached 114 employees (December 2022) | |
| 2022 | Reached 77 employees (February 2022) | |
| 2022 | Reached 112 employees (January 2022) | |
| 2021 | Reached 100 employees (December 2021) | |
| 2021 | Reached 100 employees (August 2021) | |
| 2021 | Reached 94 employees (April 2021) |
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