![]() ![]() “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. The $350 million will go towards product innovation along with providing liquidity to early shareholders and employees. Iconiq has made other investments in companies like Snowflake, Airbnb, DocuSign, Uber, and Epic Games.Īfter hitting 10 million monthly users - and reaching $70 million in subscription revenue in 2020 - Calendly has brought on Jeff Diana as Chief People Officer and Patrick Moran as Calendly’s first Chief Revenue Officer.ĭiana previously held the same title at startup giant Atlassian. OpenView Venture Partners, along with new investor Iconiq Capital, were part of the investment. With remote-first as the new normal in businesss, Calendly has become somewhat of an essential service for teams navigating life away from traditional offices.Ĭoming off a strong 2020, Calendly announced a $350 million investment, according to a statement released by the company. (You can listen to Awotona’s interview with Guy Raz on ‘How I Built This’ here ). The company, founded in 2013 by Tope Awotona, helped propel Atlanta’s tech startup scene into the national spotlight. 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.Even before employees flocked to productivity tools to streamline remote work, Atlanta-based Calendly wanted to streamline the arduous process of scheduling a meeting.īut it’s no surprise that the scheduling software doubled its subscription revenue in 2020. ![]() 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. 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. #350M OPENVIEW PARTNERS ICONIQ 3B LUNDENTECHCRUNCH PRO# 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. The wide range of its use cases, and the virality of that growth strategy, have been winners. Calendly is already profitable, and it has been for years. 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. 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. ![]() Teachers and students meeting for a remote lesson? Those also need invitations for online meetings.Īnd so do sessions with therapists, virtual dinner parties, and even (where they can still happen) in-person meetings, which are often now happening with more timed precision and more record-keeping, to keep social distancing and potential contact tracing in better order.Ĭurrently, some 10 million of us are using Calendly for all of this on a monthly basis, with that number growing 1,180% last year. The army of business users from companies like Twilio, Zoom, and UCSF has been joined by teachers, contractors, entrepreneurs, and freelancers, the company says. #350M OPENVIEW PARTNERS ICONIQ 3B LUNDENTECHCRUNCH PRO#. ![]()
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