calendly 350m openview iconiq 3b lundentechcrunch

#Calendly 350m openview iconiq 3b lundentechcrunch professional
#Calendly 350m openview iconiq 3b lundentechcrunch series

See Also: Snowflake CEO on Why Work from Anywhere Is the FutureĬalendly’s customers include video conferencing giant Zoom, cloud communications vendor Twilio, customer service company Zendesk, professional networking site LinkedIn, University of Georgia, and others. Awotona said that with more integrations and operational expansion of both the business and product development sides, the company aims to touch $1 billion in revenue in the near future. While most cloud-based collaboration solutions are designed as per business needs, offering scalability, reliability, and a range of integrations with other solutions, Calendly’s cloud scheduling platform has also worked quite well so far for individual users such as teachers, freelancers, health workers, entrepreneurs, and contractors. While some of the investment will add to our balance sheet, it will also be used to allow our early employees and early investors – who bet on this crazy idea years ago – to have some liquidity,” he added. “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.

“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 Tope Awotona Opens a new window, CEO of Calendly Opens a new window.

The shift to remote work due to the COVID-19 pandemic has transformed the company’s fortunes- increasing its subscriber base from just 1 million to over 10 million within 12 months, and doubling its revenue to $70 million. The cloud-based meeting solutions provider said the fresh investment will not only fund new innovations and talent acquisitions, but will also enable it to add more tools and integrations that will enable customers to enjoy new features in the future.

#Calendly 350m openview iconiq 3b lundentechcrunch series

The $350 million Series A funding Opens a new window is Calendly’s first since it was raised in 2013 to enable users to schedule and request meetings and appointments based on slots available in their Google, Microsoft Outlook, iCloud and Office 365 calendars. “While we considered outside investment an unnecessary distraction, due to their insight and extended network within the tech industry, we made the decision to partner with OpenView and Iconiq,” Awotona said.Four years after it turned profitable, Atlanta-based meeting solutions provider Calendly has hit $3 billion in valuation after closing a Series A funding deal with OpenView Venture Partners and Iconiq Capital. “Our profitable, unique, product-led growth model has led Calendly to become the most widely used, most integrated, most popular scheduling platform for both individuals and large businesses,” said CEO Tope Awotona.

Two new senior executives were also added by the tech startup at the end of 2020 to expand their employees and sales. It is possible to credit the reason for the increase in its use to the now prevalent work-from-home culture.Īccording to the company, the investment will be used to provide liquidity for early investors and workers as well as to continue product innovation. Calendly doubled its subscription profits last year to $70 million. There were fewer than a million users of Calendly currently, it has around 10 million people using its features. The high valuation is attributed to the exponential growth witnessed by the company in 2020. Calendly, an Atlanta-based cloud scheduling platform, was founded in 2013 by Tope Awotona, has announced a $350 million investment funding from OpenView Venture Partners and Iconiq capital, which now values the company at more than $3 billion.