![]() ![]() In 2019 the company made roughly $70 million in subscription revenues and it is expected to make over $1 billion in the near future. If yes, why do people still invest in them Are private companies that dont raise venture capital still viable Are private equity and VC fund terms becoming. ![]() “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.”įounded in 2013, the Atlanta based company has been very popular and very profitable. “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,” CEO Tope Awotona states to ShoppeBlack. People have loved the app so much that in January, Calendly announced that they have closed a $350 million investment which now values the company at more than 3 billion dollars.Ĭompanies OpenView Venture Partners with also new investor Iconiq Capital team up to be apart of the app that has helped many companies to continue order within a pandemic. When scheduling meetings and trying to coordinate with others on when to meet and more, Calendly helps to simplify the mundane task. Check all news and articles from the tech news updates.Black owned scheduling app, Calendly, is helping over 10 million people monthly to better organize their busy work day.That means Awotona’s majority stake is worth at. According to the source Belonging to Blacks Tech Calendly company exceeds $ 3 billion in value Last year it raised 350 million in funding from OpenView Venture Partners and Iconiq Capital at a price that values the business at 3 billion.“While we see outside investment as an unnecessary distraction, we made the decision to partner with OpenView and Iconiq due to their knowledge and extensive network within the technology industry.” ![]() Tope Awotona, Founder and CEO of Calendly. OpenView Venture Partners, along with new investor Iconiq Capital, were part of the investment. “Our profitable, unique and product-driven growth model has led Calendly to become the most widely used, integrated and trusted planning platform for individuals and large businesses,” Awotona Told Atlanta Business Journal. Productivity Software Scheduling Software Star Calendly Hits 3B Valuation Scheduling software provider Calendly has hit 3 billion in valuation after closing a Series A funding deal with OpenView Venture Partners and Iconiq Capital. Today, Calendly announced that they have closed a 350 million investment which now values the company at more than 3 billion. It’s something CEO Tope Awotona says he’s taken the company to new heights with the new assessment. With the increase in remote working, more and more professionals are using the service to schedule virtual meetings and Zoom events. Since 2020, the tech company has managed to thrive throughout the pandemic, doubling its subscription count and increasing revenue to $ 70 million. According to the Atlanta Business Journal, the round was raised based on a valuation of 3 billion of the company. “We are delighted to continue our partnership with this incredible company!” Calendly’s latest funding round was led by OpenView Venture Partners and included Iconiq Capital. Calendly has raised 350 million in a round led by OpenView Venture Partners, catapulting the companys valuation to over 3 billion. “We are more than excited to announce that has closed a $ 350 million Series B led by OpenView,” the company wrote in an Instagram caption. The venture capital fund shared news on social media about the new partnership. Since the company’s launch in 2013, the platform has successfully built a user base of over 30 million subscribers. This is the first fundraiser since receiving its initial investment of $ 550,000 from Atlanta Ventures. OpenView Venture Partners, a Boston-based expansion-stage firm and existing investor, led the round with participation from San Fransisco-based Iconiq Capital. The tech company said it will use the funding for product innovation and to expand its current team and structure. Calendly, a US-based cloud scheduling platform founded by Nigerian, Tope Awotana, has raised a 350 million investment, which now values the company at more than 3 billion.
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