Modern scheduling platform for high-performing teams and individuals accelerating business forward, Calendly has raised the sum of $350 million in a funding round led by Open View Venture Partners and Iconic Capital.
The company which was founded by Tope Awotana – a Nigerian-born US based businessman is now valued over $3 billion. According to Awotana, the company made the decision to partner with the two investment companies because of their insight and extended network within the tech industry.
The company seeks to utilise the funding thereby adding new tools that will enhance their customers’ appointment scheduling experiences and to provide liquidity for early shareholders, employees and continue product innovation
.Speaking on the funding, Awotana said, “Our profitable, unique, product-led growth model has led to Calendly becoming the most used, most integrated, most loved scheduling platform 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,” Awotona continued in the announcement,” he added.
• Calendly was founded in 2013 at the Atlanta Tech Village, a startup incubator started by serial software entrepreneur David Cummings.
•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.
• In 2016 the company started becoming profitable and raised $500,000. Three years later (in 2019), the company started expanding with at the time growing to almost one million users and was thriving.
• As a result of the pandemic, 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.