Retool
Retool Raises $45M Series C
Quick Facts
Retool Raises $45M Series C
Low-code platform for building internal tools quickly, connecting to databases and APIs to create custom business applications
Key Highlights
- Funding Amount: $45M Series C
- Valuation: $3.2B
- Headquarters: San Francisco, CA
- Founded: 2017
- Employees: 200-350
- Total Raised: $90M
About the Funding Round
Retool has successfully closed $45M Series C in funding, marking a significant milestone in the company's growth trajectory. This investment will enable the company to accelerate product development, expand market reach, and strengthen its position in the enterprise saas sector.
Investor Syndicate
The round was backed by a prestigious group of investors:
- Sequoia
- Stripe
- Y Combinator
This diverse group of investors brings not only capital but also strategic expertise and valuable networks that will help Retool achieve its ambitious goals.
Market Opportunity
The enterprise saas market continues to experience rapid growth, driven by increasing demand for innovative solutions and digital transformation across industries. Retool's unique approach and proven technology position it well to capture significant market share in the coming years.
Company Background
Founded in 2017 and headquartered in San Francisco, CA, Retool has established itself as an innovative player in the enterprise saas space. With 200-350 employees, the company has built a strong team focused on delivering exceptional value to customers.
Next Steps
With this new funding, Retool plans to:
- Accelerate product development and innovation
- Expand into new markets and geographies
- Grow the team across engineering, sales, and operations
- Strengthen partnerships with key industry players
- Scale infrastructure to support rapid growth
Industry Impact
This funding round represents a strong vote of confidence in Retool's vision and execution. The investment will help drive innovation in the enterprise saas sector and create new opportunities for customers and partners.
For more information about Retool, visit their website or contact their press office.
Key Investors
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