<p><strong>SAN FRANCISCO</strong> &#8212; Retool says it has raised $20 million Series C from existing investors: Sequoia Capital, Elad Gil, Nat Friedman, Daniel Gross, and John and Patrick Collison. These investors also led the company&#8217;s Series A and Series B rounds.</p>
<p>Retool helps companies connect their apps and databases to build their own tools in minutes.</p>
<p>Founder and CEO David Hsu said the company tried to raise the right amount of money instead of getting the most money at the highest valuation.</p>
<p>The company says it has paying customers that 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).</p>
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