Holidays can be downright stressful. But from our perspective, probably not for the reasons you’re thinking.

Today, at Redbooth, we have a lot to celebrate – and no, it isn’t because its Redbooth Chat t-shirt day (even though we are excited!). It’s because we’re thrilled to announce that we’ve raised $11m in our Series B, and also signed an OEM deal for CA Technologies to license our collaboration platform!

Redbooth, the enterprise real-time collaboration software company, today announced it has secured an $11 million Series B round, bringing total funding to $17.5 million. Investment was led by Menlo Park-based VC firm Altpoint Ventures, and Boston-based Avalon Ventures. Redbooth has gained significant traction with enterprise customers, including GE, Avis, US Airways, Dell, Warner Bros., Novartis, and more who seek the benefits of a single, integrated platform offering all applications required for teams to get work done. This includes a recent release of Redbooth enterprise chat which has contributed to a 6x increase in user engagement since its launch last month.

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We have found a project management tool that not only meets my expectations but has exceeded them. But that part didn’t happen overnight … in fact, it took me awhile.