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.
Round: Series C
Funding Month: December 2021
Additional Investors: Sequoia, Elad Gil, Patrick Collison, John Collison, Nat Friedman, and Jay Simons.
Company Website: https://retool.com/
Software Category: Application Development Software
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/