- CALENDLY 350M OPENVIEW VENTURE PARTNERS ICONIQ PRO
- CALENDLY 350M OPENVIEW VENTURE PARTNERS ICONIQ PROFESSIONAL
We may not be doing more traditional “business meetings” per week, but the number of meetings we now need to set up, has gone up.Īll of the serendipitous and impromptu encounters we used to have around an office, or a neighborhood coffee shop, or the park? Those are now scheduled. And more recently, it has seen a boost, specifically in the last twelve months, as new Calendly users have emerged, as a result of how we are living. Calendly is already profitable, and it has been for years. The wide range of its use cases, and the virality of that growth strategy, have been winners. Its growth, meanwhile, has to date been based mostly around a very organic strategy: Calendly invites become links to Calendly itself, so people who use it and like it can (and do) start to use it, too.
CALENDLY 350M OPENVIEW VENTURE PARTNERS ICONIQ PRO
Pricing ranges from free (one calendar/one user/one event) to premium ($8/month) and pro ($12/month) for more calendars, events, integrations and features, with bigger packages for enterprises also available. It's a platform that provides a quick way to manage open spaces in your calendar for people to book appointments with you in those spaces, which then also books out the time in calendars like Google’s or Microsoft Outlook - with a growing number of tools to enhance that experience, including the ability to pay for a service in the event that your appointment is not a business meeting but, say, a yoga class. Not bad for a company that before now had raised just $550,000, including the life savings of the founder and CEO, Tope Awotona, to initially get off the ground.Ĭalendly is a freemium software-as-a-service, built around what is essentially a very simple piece of functionality.
The funding round includes both primary and secondary money (slightly more of the latter than the former, from what I understand) and values the Atlanta-based startup at over $3 billion.
Today comes news from a startup that has been a part of that trend: Calendly, a popular cloud-based service that people use to set up and confirm meeting times with others, has closed an investment of $350 million from OpenView Venture Partners and Iconiq. The “future of work” - cloud services, communications, productivity apps - has become “the way we work now.” And companies that have identified ways to help with this are seeing a boom.
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 told reporters in Atlanta where the company is based.One big theme in tech right now is the rise of services to help us keep working through lockdowns, office closures, and other Covid-19 restrictions. “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.
In 2020 alone, Calendly scheduled over 100 million meetings and is becoming increasingly synonymous with scheduling and calendar management.įounded in 2013, Tope Awotona, Calendly has gained about 10 million users monthly and has reported revenues of $70 million in subscriptions in 2020 with projections of about $1 billion in the near future. With COVID-19, Calendly has a unique ability to penetrate this global market opportunity for virtual meetings and appointments.
CALENDLY 350M OPENVIEW VENTURE PARTNERS ICONIQ PROFESSIONAL
It even expands outside the professional realm to address my personal and prosumer use cases,” Bartlett added. This universal pain point leads to a massive global market opportunity because meeting scheduling touches so many industries, use cases, and business processes. Everyone hates the back-and-forth emails it takes to schedule a meeting. “When we began working with Calendly’s Founder/CEO Tope Awotona, we were compelled by sheer size of the opportunity.
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