Teambox provides a cloud and on‑premise collaboration and communication platform that supports tasks, discussions, file sharing and HD videoconferencing. The company reports use at roughly 3,500 companies and more than 600,000 users, with customers including AT&T, BBC, Groupon, Harvard University, LinkedIn and US Airways. Teambox completed a corporate and legal redomestication from Spain to the U.S. and is now a Delaware corporation headquartered in Redwood City, California. Founded in Barcelona in 2008 and led by CEO Dan Schoenbaum, the company offers both hosted and on‑premise deployment options. Teambox intends to use the new funding to bring its product to a much larger market and to expand operations. Teambox builds a web tool for collaborative work management that combines task and file management with simple pages for documentation and a social-network style interface. The company was founded in 2009 by Pablo Villalba and originated in Barcelona, with a presence in Silicon Valley. It plans to use new funding to grow its number of clients and users. Financially, Teambox is closing a $1.5M financing via an issuance of convertible promissory notes. Previously, in February 2011 the company raised €900K from business angels (about €250K) and loans from Enisa, CDTI and Acc1ó. Early supporters mentioned include Albert Feliu, Diego Mariño and siblings Marta and Jordi Priu. Teambox develops user-friendly collaboration software aimed at workspace communication and online project management. Officially launched in March 2010, the platform is designed to match social tools with online project management and is used by freelancers, small businesses and large organizations worldwide. The company closed a $250k seed financing, described as its second angel round, to support growth. Proceeds are intended to fund the setup of offices in the United States, hire new professionals across functions, and expand product adoption and functionality. In conjunction with the funding, Manel Sarasa, Vice Chairman of Openbravo, joined Teambox’s board of directors. The raise signals early-stage, angel-backed support as the company pursues international expansion. Teambox offers a collaborative project-management platform that blends social features and aims to compete with products like Basecamp. The company provides an open-source core alongside hosted and white-label offerings using a WordPress-like deployment approach. Its pricing includes a free basic tier, premium plans priced roughly €20–150 per month, and fees for customized installations. Teambox is launching in English, French and Spanish and plans additional language rollouts including German, Russian, Italian and Chinese. With the €140,000 recently secured and anticipated NEOTEC and Plan Avanza funds during 2010, the company plans to invest in technology, product development and international expansion. The article also notes Teambox is developing additional products beyond its current platform.

Total raised

$7M

Funding rounds

4

Latest round

Series A

Latest activity

Oct 2013