In 2013, Awotona cashed in his 401k and went into debt to build Calendly.īlack Americans Have the Highest Mortality Rates But Lowest Levels of Life InsuranceĪre you prioritizing your cable entertainment bill over protecting and investing in your family? Then he had an idea that excited him: designing software that would minimize the hassle and headaches of scheduling meetings. He launched a series of e-commerce businesses that failed because he had no passion for them. as a teenager and attending college in the U.S., Awotona worked as a door-to-door salesman but planned on becoming a tech entrepreneur, according to NPR. “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,” Awotona said in a prepared statement.Īfter immigrating from Nigeria to the U.S. More than 10 million people per month, including workers at Zoom and Twilio, use the platform to streamline the way they schedule meetings. He has 15 years of experience in cloud companies, including at Quip, which was acquired by Salesforce (NYSE: CRM).Calendly doubled its subscription revenue to $70 million in 2020, according to the announcement. Patrick Moran serves as CRO and leads strategy for marketing, sales and partnerships. He will work on doubling Calendly’s team of more than 200 employees. Jeff Diana, previously a Calendly advisor, now serves as CPO, which is the same title he held at software companies Success Factors and Atlassian (NASAQ: TEAM). Now, Awotona has his sights set on $1 billion in revenue, he said in the announcement.Ĭalendly added a chief people officer and chief revenue officer to help with this goal. In about five years after its launch, Calendly was seeing a 100% growth rate with more than 30 million people using the software. This fundraising round is Calendly’s first since receiving $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 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 $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 $350 million investment, which now values the company at more than $3 billion, according to a Jan.
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