Valuation · 2018
$15M
2024 Revenue
$18.5M(Est.)
Customers
100K
Funding
$35M
Avg ACV
$185
Team
95
Founded
2006
RedTeam Revenue, Valuation & Funding (2024)
RedTeam generated an estimated $18.5M in annual revenue in 2024. Source: GetLatka estimate
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.
| 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 | Not recorded |
| 2006 | Launched with $0 revenue |
RedTeam Valuation, Funding Rounds
RedTeam reached a $15M valuation in 2018, set during its Seed 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 | - | - | Not recorded |
| 2020 | Series A | $5M | - | - | Not recorded |
| 2018 | Seed | $299.1K | - | - | Not recorded |
| 2018 | Seed | - | $15M | - | Not recorded |
| 2017 | Seed | $75K | - | - | Not recorded |
| 2017 | Seed | $1.6M | $14M | 11% | Not recorded |
Founders
Michael Wright
Founder and Chief Strategy Officer
Developed the RedTeam software platform while building a $50+ million commercial construction firm. Diverse experience in finance and enterprise technology at Encore Computer, Coleman Research, and KPMG. Studied Finance at University of Florida, MBA Rollins College, and Computer Science at Johns Hopkins University.
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.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 95 employees (December 2024) | Not recorded |
| 2024 | Reached 118 employees (October 2024) | Not recorded |
| 2023 | Reached 118 employees (December 2023) | Not recorded |
| 2023 | Reached 118 employees (September 2023) | Not recorded |
| 2023 | Reached 115 employees (January 2023) | Not recorded |
| 2022 | Reached 114 employees (December 2022) | Not recorded |
| 2022 | Reached 77 employees (February 2022) | Not recorded |
| 2022 | Reached 112 employees (January 2022) | Not recorded |
| 2021 | Reached 100 employees (December 2021) | Not recorded |
| 2021 | Reached 100 employees (August 2021) | Not recorded |
| 2021 | Reached 94 employees (April 2021) | Not recorded |
Frequently Asked Questions about RedTeam
What is RedTeam's revenue?
As of 2024, RedTeam generated an estimated $18.5M in annual revenue.
What is RedTeam's valuation?
As of 2018, RedTeam was valued at $15M.
Who founded RedTeam?
RedTeam was founded by Michael Wright.
When was RedTeam founded?
RedTeam was founded in 2006.
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?
As of 2024, RedTeam had 95 employees.
Where is RedTeam headquartered?
RedTeam is headquartered in Orlando, Florida, United States.
Compare RedTeam to the industry
RedTeam operates across multiple industries. Browse revenue, funding, and growth data for RedTeam in each sector below.
- Best Office Software
- Team Collaboration Software
- Construction Project Management Software
- Project Management Software
- Google Workspace Project Management Software
- Construction Management Software
- Project-Based ERP Software
- Other Collaboration Software
- Construction Accounting Software
- Capital Project Management Software
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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