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. The post Black-owned scheduling startup Calendly valued at $3B after new investment appeared first on TheGrio.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. TheGrio is now on Apple TV, Amazon Fire, and Roku. Have you subscribed to theGrio’s podcast “Dear Culture”? Download our newest episodes now! Read More: Biden nominates Atlanta Mayor Keisha Lance Bottoms to DNC postĪs described on the Calendly website, the service can “connect with up to six of your calendars to automatically check availability and help you connect with your best contacts, prospects, and clients.” Calendly currently has three subscription plans listed with the first tier set at $0.Īccording to Biz Journals, Awotona’s new goal is $11B in revenue. Nigerians love that: ‘If I’m assertive and aggressive enough, I can get away with whatever I want,'” he continued. Lagosians don’t think any rules apply to them: If they see a line, they go around it, and rules are suggestions, more or less. Lagos has an absolute absence of law, order, and structure. It’s a big city like Lagos, and it also has crazy traffic. I’ll probably have it forever,” he shared. That insomnia has carried on to my adult life. In Nigeria, it happened on Friday and I went to school on Monday. If that happened, in the United States, I would have gone through a lot of therapy. These guys followed him home and demanded the keys to his car. “When I was 12, I watched my dad die in a carjacking. He revealed how early trauma has shaped his life and how moving to Atlanta helped him develop a new mindset. Awotona founded Calendly back in 2013 at the Atlanta Tech Village, a startup incubator founded by David Cummings who provided the first investment.ĭuring an interview with Inc in 2019, the CEO shared how coming from Lagos, Nigeria helped to build his success. The company doubled its subscription revenue to $70M, and more than 10 million people use Calendly each month to schedule meetings, including teams at companies such as Zoom.Ī Calendly spokesperson shared with Biz Journals this most recent fundraising round is the company’s first since receiving $550K from local firm Atlanta Ventures and OpenView. Jeff Diana, a previous Calendly advisor is now the brand’s chief people officer and Patrick Moran joined as the chief revenue officer. At the end of last year, the company added two new senior executives to help grow employees and revenue. “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 said.Ĭalendly had a successful 2020, according to the report.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |