This fundraising round is Calendly’s first since receiving US$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 Founder and 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 US$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 US$350 million investment, which now values the company at more than US$3 billion, according to a January 26 announcement.
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