Retool Raises $45M in Series C
Retool has successfully raised $45M in a Series C at a $3.2B valuation led by Sequoia Capital, Thrive Capital, GV.
Company Overview
Retool is a Developer Tools company headquartered in 1550 Bryant Street, San Francisco, CA 94103, founded in 2017 with 300+ employees.
Low-code platform for internal tools
Fundraising Details
- Amount Raised: $45M
- Round Type: Series C
- Valuation: $3.2B
- Date: 2024-06-06
- Investors: Sequoia Capital, Thrive Capital, GV
About Retool
Low-code platform for internal tools The company is positioned in the Developer Tools sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 1550 Bryant Street, San Francisco, CA 94103
- Founded: 2017
- Team Size: 300+
- Industry: Developer Tools
What This Means
This funding round demonstrates strong investor confidence in Retool's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Developer Tools sector continues to attract significant investment as companies innovate to meet evolving market demands. Retool's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3.2B valuation marks an important milestone for Retool, positioning the company among notable players in the Developer Tools industry.
Looking Ahead
With this new capital, Retool is well-positioned to execute on its growth strategy and continue building innovative solutions in the Developer Tools space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-06-06. For more information about Retool, visit their headquarters at 1550 Bryant Street, San Francisco, CA 94103.
