What is Retool?
Founded in 2017, Retool provides a sophisticated low-code platform designed to empower developers to build custom business applications with unprecedented speed. By abstracting the complexities of UI development and data integration, the platform allows technical teams to focus on high-value logic rather than repetitive interface construction. Retool occupies a pivotal niche in the software development ecosystem, serving as a bridge between raw data sources and the functional workflows required by modern enterprise operations. Its market position is defined by its ability to reduce the time-to-market for internal tools, thereby enhancing organizational agility and data accuracy across diverse industry verticals.
How much funding has Retool raised?
Retool has raised a total of $135M across 3 funding rounds:
Series A
$20M
Series B
$50M
Series C
$65M
Series A (2019): $20M with participation from Steamboat Ventures
Series B (2020): $50M led by Plaid, PagerDuty, Stripe, Gusto, Y Combinator, Steamboat Ventures, Segment, and GitHub
Series C (2022): $65M supported by Caryn Marooney, Nat Friedman, Daniel Gross, Sequoia Capital, and Elad Gil
Key Investors in Retool
Sequoia Capital
A premier global venture capital firm with an unparalleled track record of partnering with entrepreneurs to build market-leading companies across venture, growth, and late-stage opportunities.
Elad Gil
A prominent technology entrepreneur and investor who leverages his deep background in AI and mobile to support high-growth companies and innovative startups.
Steamboat Ventures
A venture firm focused on nurturing early to growth-stage companies in the technology and media sectors, dedicated to helping portfolio firms achieve market leadership.
What's next for Retool?
With the infusion of $65M, Retool is well-positioned to expand its product suite and deepen its penetration into the enterprise sector. The strategic focus will likely shift toward enhancing the platform's scalability, security features, and integration capabilities to meet the rigorous demands of global corporations. As the company matures, it is expected to leverage its strong investor network to foster a robust ecosystem of pre-built components and third-party integrations. This next phase of growth will be critical in maintaining its competitive edge against emerging low-code alternatives, ensuring that Retool remains the primary choice for companies seeking to optimize their internal development lifecycles and operational efficiency.
See full Retool company page
