Series C: Raising less money at lower valuations
Summary
Today, our customers use Retool to encourage voter turnout, track their vitals, and deliver food to millions. Our paying customers now span all industries, from fintech (Brex, Coinbase, and Plaid), to e-commerce (Amazon, Allbirds, Rakuten, and Peloton), all the way to automotive (Jaguar Land Rover, Mercedes Benz, and Volvo). Over the past year, we’ve shipped major product improvements, such as best-in-class datepickers (that automatically handle timezones! For us to fulfill our ambitions of bringing better software to everybody, we need to make major product improvements, and acquire substantially more customers. Ideally, private company valuations would rise gradually as the fundamentals (e.g. revenue, customers, team) improve.
Funding
Amount
$20.0M
Total raised
Date
December 22, 2021
Announcement date
Investors
Old Lane
Lead investors
Company
http://www.retool.com
Funded company
Classifications
industries
No industries detected
applications
ERP & Process Management
AskAI Classifications
Labels
Software Development
Low-Code Platform
SaaS
Linked Companies
Retool
$50M to $100M