What is Retool?
Founded in 2017, Retool provides a comprehensive platform designed to accelerate the creation of internal business tools. By abstracting the complexities of traditional software development, the company allows users to build robust, data-driven interfaces that integrate seamlessly with existing databases and APIs. This approach significantly reduces the time-to-market for internal applications, enabling companies to manipulate data with greater accuracy and speed. Retool's market position is defined by its ability to empower non-technical and technical teams alike, effectively serving as a force multiplier for operational development teams across various industries.
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 Stripe, Gusto, PagerDuty, Plaid, Y Combinator, Segment, GitHub, and Steamboat Ventures
Series C (2022): $65M supported by Sequoia Capital, Daniel Gross, Nat Friedman, Elad Gil, and Caryn Marooney
Key Investors in Retool
Sequoia Capital
A premier global venture capital firm with a storied history of partnering with market-defining companies, focusing on early, growth, and late-stage opportunities.
Elad Gil
A prominent technology entrepreneur and investor known for his deep expertise in high-growth scaling and his strategic focus on the future of AI and software infrastructure.
Steamboat Ventures
A venture firm established in 2000 that specializes in nurturing early to growth-stage companies within the technology, media, and consumer sectors to achieve market leadership.
What's next for Retool?
With this major strategic investment, Retool is well-positioned to expand its enterprise footprint and deepen its product capabilities. The company is expected to leverage this capital to enhance its platform's scalability, security, and integration ecosystem, ensuring it remains the standard for internal tool development. As the demand for agile, low-code solutions continues to surge, Retool's focus will likely shift toward advanced automation features and broader enterprise-grade governance, further cementing its role as an essential infrastructure provider for the digital-first enterprise.
See full Retool company page
