Build internal tools fast.
Retool is the fast way to build internal tools.
Retool has raised $141.0M across 5 funding rounds.
Key people at Retool.
Retool was founded in 2017 by David Hsu (Founder/CEO).
Retool has raised $141.0M in total across 5 funding rounds.
Retool was founded in 2017 by David Hsu (Founder/CEO).
Retool has raised $141.0M in total across 5 funding rounds.
Retool's investors include 8-Bit Capital, AIX Ventures, Alt Capital, Angular Ventures, Battery Ventures, Bloomberg Beta, Boldstart Ventures, Bond, C2 Investment, Caffeinated Capital, Catapult Capital, Coatue.
Retool is a fast, low-code platform designed to help companies build internal tools quickly and efficiently. Its product enables developers and non-developers alike to visually design applications that connect to any database or API, significantly reducing the time and effort needed to create mission-critical business software. Retool serves thousands of companies across various sectors, including tech, finance, education, and healthcare, addressing the widespread problem of slow, costly, and complex internal software development. By abstracting repetitive coding tasks and providing pre-built components, Retool accelerates software creation, allowing teams to focus on innovation and strategic initiatives. The company has demonstrated strong growth momentum, reaching a valuation of $3.2 billion within five years and expanding its product scope to include external-facing apps and AI-powered features[1][2][3].
Founded in 2017 by David Hsu shortly after graduating from Oxford, Retool emerged from his frustration with existing software development tools and the cumbersome process of building internal applications. David leveraged his prior experience and leftover code to create a platform that minimizes redundant coding and simplifies internal tool development. Early traction came from securing a $1.5 million enterprise pilot and rapidly growing a customer base through targeted outreach and a relentless focus on customer satisfaction. The company has evolved from addressing niche developer pain points to becoming a key player in the low-code/no-code market, supported by major investors like Sequoia Capital and endorsements from top tech founders[3][2].
Retool rides the wave of the growing low-code/no-code movement, which aims to democratize software development and empower a broader range of users to build custom applications. The timing is critical as businesses increasingly demand rapid digital transformation and operational agility. Market forces such as the rising complexity of internal workflows, the shortage of skilled developers, and the need for scalable, secure enterprise solutions work in Retool’s favor. By streamlining internal tool development, Retool influences the broader ecosystem by enabling companies to innovate faster, reduce engineering bottlenecks, and improve operational efficiency across industries[1][3][4].
Looking ahead, Retool is poised to deepen its impact by advancing its enterprise AppGen platform, which leverages AI to transform natural language into production-ready code, broadening the definition of who can be a "developer." Trends such as AI integration, increased demand for customizable enterprise software, and the shift toward citizen development will shape Retool’s journey. Its influence is likely to grow as it continues to lower barriers to software creation, enabling more organizations to build tailored solutions rapidly while maintaining security and governance. Retool’s mission to bring good software to everyone remains central as it expands beyond internal tools to external-facing applications and complex enterprise environments[4][6][1].
Key people at Retool.
Retool has raised $141.0M across 5 funding rounds. Most recently, it raised $45.0M Series C in July 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2022 | $45.0M Series C | 8-Bit Capital, AIX Ventures, Alt Capital, Angular Ventures, Battery Ventures, Bloomberg Beta, Boldstart Ventures, Bond, C2 Investment, Caffeinated Capital, Catapult Capital, Coatue, CRV, Index Ventures, Kleiner Perkins, Norrsken VC, Offline Ventures, Otherwise Fund, Saga, Sequoia Capital, Seven Seven Six, The Hit Forge, Threshold Ventures, Tribe Capital, Uncork Capital, Y Combinator, Aaron Harris, Akshay Kothari, Alex Kayyal, Amjad Masad, Augusto Marietti, Ben Silbermann, Biz Stone, Eoghan McCabe, Florian Douetteau, Frederic Kerrest, Hiten Shah, Marco Palladino, Mathias Biilmann Christensen, Pierre Valade, Sam Hickmann, Spencer Kimball, Stewart Butterfield, Thibaud Elziere | |
| Dec 1, 2021 | $20.0M Series C | 8-Bit Capital, AIX Ventures, Alt Capital, Angular Ventures, Asymmetric Capital Partners, Battery Ventures, Bloomberg Beta, Boldstart Ventures, Bond, C2 Investment, Caffeinated Capital, Catapult Capital, CRV, Franklin Templeton Investments, Kearny Jackson, Kleiner Perkins, NewView Capital, Norwest Venture Partners, Offline Ventures, Otherwise Fund, Saga, Sequoia Capital, Seven Seven Six, The Hit Forge, Threshold Ventures, Tribe Capital, Uncork Capital, Wing Venture Capital, Y Combinator, Aaron Harris, Abrahami Avishai, Akshay Kothari, Alex Kayyal, Amjad Masad, Augusto Marietti, Ben Silbermann, Biz Stone, Eoghan McCabe, Florian Douetteau, Frederic Kerrest, Giora Kaplan, Hiten Shah, Kenny Van Zant, Marco Palladino, Mathias Biilmann Christensen, Pierre Valade, Sam Hickmann, Shlomo Kramer, Spencer Kimball, Stewart Butterfield, Thibaud Elziere | |
| Oct 1, 2020 | $50.0M Series B | 11k Ventures, 8-Bit Capital, 8VC, AIX Ventures, Alt Capital, Angular Ventures, Asymmetric Capital Partners, Ballistic Ventures, Battery Ventures, Bloomberg Beta, Boldstart Ventures, Bond, C2 Investment, Caffeinated Capital, Catapult Capital, CRV, Cubit Capital, Drive Capital, E1 Ventures, Founders Fund, Franklin Templeton Investments, General Catalyst, Goat Capital, Kearny Jackson, Kleiner Perkins, NewView Capital, Norwest Venture Partners, Offline Ventures, Otherwise Fund, Prime Movers Lab, Saga, Sequoia Capital, Seven Seven Six, The Hit Forge, Threshold Ventures, Tribe Capital, Uncork Capital, Wing Venture Capital, Y Combinator, Aaron Harris, Abrahami Avishai, Akshay Kothari, Alex Kayyal, Amjad Masad, Augusto Marietti, Ben Silbermann, Biz Stone, Emil Lee, Eoghan McCabe, Florian Douetteau, Frederic Kerrest, Giora Kaplan, Gokul Rajaram, Hiten Shah, Louis Beryl, Marco Palladino, Mark Cuban, Mathias Biilmann Christensen, Natasha Ahmed, Pierre Valade, Sam Hickmann, Shlomo Kramer, Spencer Kimball, Stewart Butterfield, Thibaud Elziere, Thomas Tull, Vivek Patel, Zachary Hargreaves | |
| Mar 1, 2019 | $25.0M Series A | 11k Ventures, 8-Bit Capital, 8VC, AIX Ventures, Altair Capital Management, Alt Capital, Angular Ventures, Asymmetric Capital Partners, Ballistic Ventures, Battery Ventures, Bloomberg Beta, Boldstart Ventures, Bond, C2 Investment, Caffeinated Capital, Catapult Capital, CRV, Cubit Capital, Drive Capital, E1 Ventures, Founders Fund, Franklin Templeton Investments, General Catalyst, Goat Capital, Kearny Jackson, Kleiner Perkins, NewView Capital, Norwest Venture Partners, Offline Ventures, Otherwise Fund, Prime Movers Lab, Saga, Sequoia Capital, Seven Seven Six, The Hit Forge, Threshold Ventures, Tribe Capital, Uncork Capital, Wing Venture Capital, Y Combinator, Aaron Harris, Abrahami Avishai, Akshay Kothari, Alex Kayyal, Amjad Masad, Augusto Marietti, Ben Silbermann, Biz Stone, Derianto Kusuma, Emil Lee, Eoghan McCabe, Florian Douetteau, Frederic Kerrest, Giora Kaplan, Gokul Rajaram, Hiten Shah, Louis Beryl, Marco Palladino, Mark Cuban, Mathias Biilmann Christensen, Natasha Ahmed, Pierre Valade, Sam Hickmann, Shlomo Kramer, Spencer Kimball, Stewart Butterfield, Thibaud Elziere, Thomas Tull, Vivek Patel, Zachary Hargreaves | |
| Sep 1, 2017 | $1.0M Seed | AIX Ventures, Alt Capital, Bloomberg Beta, C2 Investment, CRV, S28 Capital, Saga, The Hit Forge, Y Combinator, Akshay Kothari, Amjad Masad, Augusto Marietti, Ben Silbermann, Biz Stone, Florian Douetteau, Marco Palladino, Mathias Biilmann Christensen, Spencer Kimball |
