In 2020, the subscription of the company revenue doubled to $70 million, and as at the time of writing this report, 10 million people use the app every month in scheduling their meetings.Īlso, the app can also be streamlined with other apps such as Zoom, which makes it useful for busy professionals.Īccording to Awotona, “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.” 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, said Tope. OpenView Venture Partners: Nigerian-born Tope Awotonas Calendly raises 350m Tope Awotonas cloud scheduling platform Calendly, has raised 350 million from OpenView Venture Partners and Iconiq capital, making the Atlanta-based company now valued at over 3 billion. Most impressive, however, Calendly has attained what is known as “unicorn” territory through the latest round of funding.Īccording to venture capitalism, a “unicorn” company is one that is privately owned as a start-up with a valuation of $1 billion or more. Last year it raised 350 million in funding from OpenView Venture Partners and Iconiq Capital at a price that values the business at 3 billion. The high valuation is due to the explosive growth Calendly experienced last. That means Awotona’s majority stake is worth at. #Calendly 350m openview venture partners iconiq serial#Ĭalendly was founded in 2013 at the Atlanta Tech Village, a startup incubator started by serial software entrepreneur David Cummings.Popular American unicorns include SpaceX, JUUL Labs, Epic Games, and Instacart.“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,” he added. Awotana who moved to the United States when he was a teenager started the company with his savings and struggled to get funding over the years.Iconiq Capital OpenView Venture Partners Undisclosed amount Seed fund - 2014. In 2016 the company started becoming profitable and raised $500,000.Timing your bootstrap with Calendly’s Tope Awotona and OpenView’s Blake Bartlett at TC Early Stage Calendly. DLA Piper represented Calendly, an Atlanta-based provider of appointment scheduling software, in its recent US350 million Series B financing, resulting in its subsequent valuation at more than US3 billion. #Calendly 350m openview venture partners iconiq series#ģ50,000,000 Venture capital SiliconANGLE. The round was led by OpenView Venture Partners and included participation from Iconiq Capital. SaaStr 322: ICONIQ Capital General Partner Doug Pepper on Key Lessons from a 5B. Cloud scheduling startup Calendly raises 350M on 3B valaution Calendly. Ashley Smith, Venture Partner at OpenView will provide insight on what. Calendly raised a 350 million investment, which now values the company at more than 3 billion.Later in 2019, the company started expanding with at the time growing to almost one million users and was thriving. However, as soon as the pandemic hit, its customer base increased to about 10 million as more people began to embrace remote working with new sets of users, including health workers, teachers, contractors, entrepreneurs, and freelancers now using the app. In 2021, the company doubled its subscription earnings to $70 million.The Calendly funding round was led by OpenView Venture Partners, a Boston-based expansion-stage.
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