Teambox Announces $5M Series A Funding Led by Avalon Ventures

REDWOOD CITY, CA — (Marketwired) — 10/22/13 — , the cloud-based company redefining collaboration and business communications, today announced a $5 million Series A round of financing. After experiencing strong sales and customer growth — with monthly recurring revenue growing 1,273% over the past two years — the funding will enable Teambox to further its commitment to making it easier for teams of all sizes to collaborate in the cloud in a way that-s fully integrated, using tools that user