Retool was founded in 2017 by David Hsu. The company has not publicly endorsed plans to participate in an IPO.
Retool is a software development platform that allows businesses to build "bespoke" applications targeted at specific individuals. As of 2022, the company reports that more than 500,000 apps have been built on its platform. Retool has raised more than $100 million in venture capital funding from investors including Sequoia Capital, Y Combinator, Bond, Elad Gil, Patrick Collison, John Collison, Nat Friedman, and Jay Simons. The company was valued at $3.2 billion in 2022.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
10/20/2020 | Series B | $50MM | $xx.xx | $993.34MM | Sequoia Capital, Patrick Collison, Nat Friedman, John Collison | |
Price per Share
$xx.xx
Shares Outstanding
4,980,815
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sequoia Capital, Patrick Collison, Nat Friedman, John Collison
|
||||||
04/01/2019 | Series A-6 | $5.91MM | $xx.xx | $113.96MM | Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
6,045,828
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sequoia Capital
|
||||||
04/01/2019 | Series A-5 | $407,993 | $xx.xx | $113.96MM | Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
878,652
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sequoia Capital
|
||||||
04/01/2019 | Series A-4 | $852,980 | $xx.xx | $113.96MM | Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
3,673,944
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sequoia Capital
|
||||||
04/01/2019 | Series A-3 | $111,010 | $xx.xx | $113.96MM | Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
573,768
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sequoia Capital
|
||||||
04/01/2019 | Series A-2 | $553,993 | $xx.xx | $113.96MM | Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
3,579,228
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sequoia Capital
|
||||||
04/01/2019 | Series A-1 | $18.53MM | $xx.xx | $113.96MM | Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
17,466,576
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sequoia Capital
|