Retool Raises $20 Million in Series C  

by Kay Aloha Villamor in December 23rd, 2021

Retool, a San Francisco, CA-based platform that enables developers to build software apps for internal use cases, raised $20 million in Series C funding, which valued the company at $1.85 billion.

The Series C round was provided by a group of returning backers. The participants included Sequoia, prominent tech investor Elad Gil, Stripe Inc. co-founders John and Patrick Collision, former GitHub Chief Executive Officer Nat Friedman, and former Atlassian President Jay Simons.

The company intends to use the funds to hire talent and accelerate product development across several new product lines.

Company: Retool, Inc.

Raised: $20.0M

Round: Series C

Funding Month: December 2021

Lead Investors: 

Additional Investors: Sequoia, Elad Gil, Patrick Collison, John Collison, Nat Friedman, and Jay Simons.

Company Website: https://retool.com/

Software Category: Application Development Software

About the Company: Led by David Hsu, co-founder and CEO, Retool provides developers with tools to connect all their databases, APIs, and internal systems, and make user interface building and all other ancillary work simple. The solution is hackable and extensible, giving developers the ability to use JavaScript and customize the last mile of every app. Retool now powers over a quarter million business applications across businesses of every size, from fast-growing startups like Hopin, Descript, and Brex to global enterprises like Amazon, Pinterest, and Conagra. Thousands of teams at companies like Amazon, DoorDash, Peloton, and Brex collaborate around custom-built Retool apps to solve internal workflows. 

 

Source: https://www.finsmes.com/2021/12/retool-raises-20m-in-series-c-funding-at-1-85-billion-valuation.html https://siliconangle.com/2021/12/22/low-code-development-startup-retool-raises-20m-1-85b-valuation/

 

 

 


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