Retool is a low-code platform for building custom internal software and business applications. It helps teams connect data, automate workflows, and ship tools faster with enterprise controls and AI features.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$3.2B
Series C2, Jul 2022, Perplexity
UpMarket Estimate
$2.7B
Based on UpMarket valuation model
Previous Price
$3.2B
Series C Jul 2022
How to Invest in Retool Through UpMarket
Retool shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Retool offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Jul 2022
Series C2
$3.2B
Jul 2022
Series C
$3.2B
Jul 2022
Series C
$3.2B
Jul 2022
Series C
$3.2B
Dec 2021
Series C
$1.85B
Retool Revenue and Growth
Annual revenue
Why Investors Are Watching Retool
Growth Signal
Sacra estimates Retool hit $120M ARR by Oct. 2025
Sacra estimates Retool reached $120M in annual recurring revenue in October 2025, up from $90M at the end of 2024. The company sells subscription SaaS with per-seat pricing, a model that can scale as usage expands across teams.
Competitive Moat
Retool says its platform connects to any database or API
Retool describes its product as a low-code platform that lets users visually build internal tools and connect to any database or API. It is positioned to reduce the time needed to build mission-critical business software from weeks to hours.
Market Opportunity
Retool raised $141M and reached a $3.2B valuation
Retool has raised $141M across 5 funding rounds, including a $45M Series C in July 2022. Clay and Sacra both cite a $3.2B valuation, indicating strong investor backing for the internal tools market.
Interested in Retool stock? Fill out the form above or sign up directly. Subject to availability. Accredited investors only.
UpMarket curates and conducts independent diligence on every investment opportunity before it reaches the platform.
Strategy, fees & legal reviewed in full
We review every offering's strategy, risk management, liquidity, fees, valuation methodology, tax matters, and all third-party providers — legal counsel, auditor, administrator, and custodian.
Disciplined managers only
We offer investments exclusively from disciplined managers that pursue unique strategies across an array of asset classes.
Built around your objectives
Our goal is to empower you to build a portfolio that best meets your individual investment objectives.
No. As of March 2026, Retool is a private company and does not trade on any public stock exchange. Accredited investors can access Retool shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Retool does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Retool shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Retool shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Retool is a low-code platform for building custom internal software and business applications, with Sacra estimating $120M in ARR in October 2025 and $120M in 2025 revenue; it was valued at $2.7B — accredited investors can access Retool stock through UpMarket.