How much has Retool raised?

Retool was founded in 2017 and Sequoia lists it as partnered in 2019. Public reporting says Retool raised a $50 million Sequoia-led financing at a $925 million valuation and later took a deliberately smaller $20 million round at a $1.85 billion valuation from existing investors including Sequoia.

A later $45 million Series C/C2 round led by Sequoia reportedly valued Retool at $3.2 billion, with participation from operator investors such as the Collison brothers, Nat Friedman, Elad Gil, and BOND-related investors. Tracxn and Sacra summarize total funding around $165 million.

The valuation moved as Retool expanded from internal-app builder to broader enterprise software development, workflows, database, portals, mobile, and AI agents. It remains private, so revenue and profitability are not asserted beyond public estimates and company interviews.

Sequoia is the portfolio provenance. Other reported investors include Y Combinator, Elad Gil, Nat Friedman, Daniel Gross, John and Patrick Collison, BOND-related investors, and Magic Fund/operator angels.

Retool’s valuation increased as it proved developers would adopt a low-code platform when it preserved code and integrations. The $3.2B mark reflects enterprise-platform expectations; private-market software multiples could move materially without public disclosure.

Retool is private and has not announced an IPO. Profitability is not disclosed, so sellers should qualify budgets through current team, use case, and enterprise priority rather than assuming public-company buying power.

Retool has enough funding and valuation support for selective enterprise systems, but it remains a focused private company. Best seller angles include enterprise security, compliance, cloud cost, developer platform, integrations, customer success, sales operations, and AI reliability.