Series C: Raising less money at lower valuations

Funding Rounds

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