Valuation
$3.2B
2025 Revenue
$120M(Est.)
Customers
100
Funding
$121M
Avg ACV
$1.2M
Team
447
Founded
2017
Retool Revenue, Valuation & Funding (2025)
Retool is a software company that provides a low-code development platform for building internal tools and applications. Their platform enables businesses to build custom interfaces for their internal data sources and APIs without having to write code from scratch. Retool's customers include companies such as DoorDash, Peloton, and Plaid. The company was founded in 2017 and is headquartered in San Francisco, California.
Last updated
Retool Revenue
In 2025, Retool's revenue reached $120M. The company previously reported $138.6M in 2024. Since its launch in 2017, Retool has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Retool Hit $120m revenue in October 2025 | sacra.comEstimated |
| 2024 | Retool Hit $138.6m revenue in October 2024 | Estimated |
| 2023 | Retool Hit $93.5m revenue in November 2023 | Estimated |
| 2022 | Retool Hit $73.5m revenue in November 2022 | |
| 2021 | Retool Hit $30m revenue in November 2021 | |
| 2021 | Retool Hit $30m revenue in January 2021 | |
| 2020 | Retool Hit $7m revenue in June 2020 | |
| 2017 | Launched with $0 revenue |
Retool Valuation, Funding Rounds
Retool reached a $3.2B valuation in 2020, set during its M&A Offer round.
Retool has raised $121M in total funding across 4 rounds, most recently a $45M $45M Series C2, Jul 28 2022, led by Sequoia Capital round in 2022.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2022 | $45M Series C2, Jul 28 2022, led by Sequoia Capital | $45M | - | - | techcrunch.com |
| 2020 | M&A Offer | $50M | $925M | 5% | |
| 2019 | Series A | $25M | - | - | |
| 2017 | Seed Round | $1M | - | - |
Founder / CEO
David Hsu
CEO
David Hsu is the Founder & CEO @ Retool, the company that allows you to build internal tools, remarkably fast. David has raised over $69M with Retool from the very best in startups including Sequoia, YC, Patrick and John @ Stripe, Henrique & Pedro @ Brex, Paul Graham, Nat @ Github, Peter @ Segment, Tomer @ Gusto and Elad Gil to name a few incredible names. Today Retool works with some of the biggest companies in the world from Amazon to Volvo to Mercedes Benz.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Retool serves 100 customers.
Retool Employees & Team Size
Retool employs approximately 447 people as of 2026, up from 340 in 2024, including 68 sales reps that carry a quota. It serves 100 customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 447 employees (December 2025) | reveliolabs.comEstimated |
| 2025 | Reached 466 employees (November 2025) | |
| 2024 | Reached 340 employees (October 2024) | |
| 2023 | Reached 340 employees (November 2023) | |
| 2023 | Reached 340 employees (September 2023) | |
| 2023 | Reached 343 employees (January 2023) | |
| 2022 | Reached 272 employees (November 2022) | |
| 2022 | Reached 272 employees (January 2022) | |
| 2021 | Reached 111 employees (November 2021) | |
| 2021 | Reached 111 employees (August 2021) | |
| 2021 | Reached 66 employees (January 2021) | |
| 2020 | Reached 39 employees (December 2020) | |
| 2020 | Reached 39 employees (November 2020) | |
| 2020 | Reached 23 employees (June 2020) | |
| 2020 | Reached 39 employees (June 2020) | |
| 2019 | Reached 12 employees (December 2019) | |
| 2017 | Reached 34 employees (September 2017) |
Frequently Asked Questions about Retool
What is Retool's revenue?
Retool generates an estimated $120M in annual revenue.
Who is the CEO of Retool?
The CEO of Retool is David Hsu.
How much funding does Retool have?
Retool raised $121M across 4 rounds.
How many employees does Retool have?
Retool has 447 employees.
Where is Retool headquarters?
Retool is headquartered in San Francisco, California, United States.
Compare Retool to the industry
Retool operates across multiple industries. Browse revenue, funding, and growth data for Retool in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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