![]() ![]() Eventually, I ran out of money and started to seek VC funding. “I raided my bank account and 401(k) to launch Calendly in 2013. He said there was no tangible reason for his request not being granted other than him being Black. I decided I was going to look for scheduling products that existed on the market that I could sign up for, but the problem I was facing at the time was trying to arrange meetings… I was just looking for an easy way for us to easily share our availability… and easily find a time that works for everybody.”Īwotona also shared his early experience seeking VC funding. I was just trying to schedule a meeting, but it took way too many emails to get it done, and I became frustrated. “At the time, I wasn’t looking to start a business. “What led me to create a scheduling product was my personal need,” Awotona said. The company has been profitable since 2016 but had only raised $550,000 in previous funding.īefore starting Calendly, Awotona had started other business ventures including building a dating site that never launched and launching an e-commerce site that also met its untimely end. The cloud-based scheduling company was founded by Nigerian, Tope Awotona, who grew up in Nigeria but moved to the US as a teenager. Many organizations and workers including contractors, teachers, health workers, entrepreneurs, and the likes use Calendly to schedule meetings and appointments.Ĭalendly will use the $350 million funding to expand its innovation and provide liquidity for early shareholders and employees. The incredible growth and expansion of Calendly can be attributed to the new work-from-home culture. Paid subscriptions include more calendars, events, integrations, features, and richer packages. Calendly subscription price ranges from free (one calendar/one user/ one event), to premium ($8 per month) and pro ($12 per month). For example, if you want to pay for a fitness class. ![]() Calendly allows users to pay for a service in the case where a meeting is not a business meeting. It also has a growing number of tools and features to enhance customer experience. The app is linked to calendars like Google and Microsoft Outlook. Still, in 2020, Calendly doubled its subscription revenue to $70 million.Ĭalendly is a cloud-based platform that provides a quick and easy way to manage time in your calendar for people to book appointments with you in the available spaces. Before then, Calendly had less than a million users, but the growth the company saw in 2020 has increased its user-base to about 10 million. The company’s high valuation is a result of the explosive growth it experienced last year. ![]() The investors include OpenView Venture Partners and Iconiq Capital, totaling the company’s value at more than $3 billion. Cloud-based scheduling platform Calendly recently announced that it has successfully raised $350 million in funding. ![]()
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