![]() The software startup also added two new senior executives at the end of 2020 to grow its employees and revenue.Ĭalendly was founded by Tope Awotona, who grew up in Nigeria but moved to the US when he was a teenager.īefore he started working on Calendly, he tried building a dating site that didn’t launch due to a lack of resources. It will use the $350 million investment to provide liquidity for early shareholders and employees and continue product innovation. In the past year, a new set of users, including health workers, teachers, contractors, entrepreneurs, and freelancers, have started using Calendly to schedule meetings.īefore this investment, Calendly, which has been profitable since 2016, had raised just $550,000. The reason for the surge in its usage can be credited to the now prevalent work-from-home culture. ![]() ![]() Last year, Calendly also doubled its subscription revenue to $70 million. In 2019, Calendly had less than a million users now, it currently has about 10 million people using its features. The high valuation is due to the explosive growth Calendly experienced last year. He has 15 years of experience in cloud companies, including at Quip, which was acquired by Salesforce (NYSE: CRM).Tope Awotona’s cloud scheduling platform Calendly, has raised $350 million from OpenView Venture Partners and Iconiq capital, making the Atlanta-based company valued at over $3 billion. Patrick Moran serves as CRO and leads strategy for marketing, sales and partnerships. He will work on doubling Calendly’s team of more than 200 employees. Jeff Diana, previously a Calendly advisor, now serves as CPO, which is the same title he held at software companies Success Factors and Atlassian (NASAQ: TEAM). ![]() Now, Awotona has his sights set on $1 billion in revenue, he said in the announcement.Ĭalendly added a chief people officer and chief revenue officer to help with this goal. In about five years after its launch, Calendly was seeing a 100% growth rate with more than 30 million people using the software. This fundraising round is Calendly’s first since receiving $550,000 from local firm Atlanta Ventures and OpenView, according to a Calendly spokesperson.Īwotona founded Calendly in 2013 at the Atlanta Tech Village, a startup incubator started by serial software entrepreneur David Cummings.Ĭummings provided Calendly with its first investment through Atlanta Ventures, which is also based in the Village. "While we considered outside investment an unnecessary distraction, we made the decision to partner with OpenView and Iconiq because of their insight and extended network within the tech industry,” Awotona continued in the announcement. “Our profitable, unique, product-led growth model has led to Calendly becoming the most used, most integrated, most loved scheduling platforms for individuals and large enterprises alike,” said CEO Tope Awotona, who was named an Atlanta Business Chronicle 40 Under 40 honoree. More than 10 million people use the platform each month to streamline the way they schedule meetings, including teams at companies such as Zoom and Twilio. In 2020, Calendly doubled its subscription revenue to $70 million, according to the announcement. The software startup also added two new senior executives at the end of 2020 to grow its employees and revenue. The investment will be used to provide liquidity for early shareholders and employees as well as continue product innovation, according to the announcement. OpenView Venture Partners, a Boston-based expansion stage firm and existing investor, led the round with participation from San Fransisco-based Iconiq Capital. Calendly, an Atlanta-based cloud scheduling platform, raised a $350 million investment, which now values the company at more than $3 billion, according to a Jan.
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