Redbooth disclosed reaching its $11 million fundraising target


redboothAccording to information filed with the SEC, two investors participated a week ago to Redbooth‘s equity fundraising. The non-brokered private placement was fully subscribed and raised $11 million. Until this disclosure Redbooth had raised an estimated $6.86 million in unregistered securities via one previous financing round.

Redbooth a collaboration and communication platform that provides a single place for teams and companies to collaborate and get work done. Accessible on desktop as well as iOS and Android mobile devices, the platform links both live and historical conversations directly to project tasks.

Dan Schoenbaum (CEO) leads the Redwood City CA based company which was registered in 2013. Redbooth elected to keep its revenues undisclosed.
The executive team includes Joe Brichler, Juan Jose Mata and Mark Cameron White.
The board of directors includes Justin Label, Rich Levandov and Vadim Tarasov.

The company has raised an estimated total of $17.86 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Redbooth
Industry: Other Technology
Amount offered: $11 million
Amount placed: $11 million
First sale: 11-10-2014
Data as of: 11-17-2014

For more information visit www.XDATA.co

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