Total amount raised
$32.4 Millions
Latest funding date
Location
Cal.com has successfully raised $25 million in a Series A funding round, attracting a diverse group of investors. The platform offers open scheduling infrastructure designed to simplify the process of booking meetings and appointments.
Keep reading to explore the intricacies of Cal.com's fundraising journey and the investors backing this innovative platform.
What Is Cal.com?
Cal.com, founded in 2021 by Bailey Pumfleet and Peer Richelsen, is headquartered in San Francisco, California. The company specializes in providing open scheduling infrastructure, making it easier for users to book meetings and appointments.
With a team of 11-50 employees, Cal.com offers a platform that integrates with various calendars and supports custom availability settings. Their services include payments integration, routing forms, workflows, recurring events, and round-robin scheduling.
Cal.com aims to connect a billion people by 2031 through its customizable scheduling software, which can be self-hosted or hosted by the company, with white-label options available.
How Much Funding Has Cal.com Raised?
- Seed Round
- Amount Raised: $7.4M
- Date: December 2021
- Lead Investors: Joseph Jacks
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's rebranding from Calendso to Cal.com and its full product launch.
- Series A
- Amount Raised: $25M
- Date: April 2022
- Lead Investors: Seven Seven Six
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To help developers launch new apps for the Cal.com App Store and to establish the platform as the best developer platform for building time-related applications.
Total Amount Raised: $32.4M. Current Valuation: Not publicly disclosed.
Key Investors
- Seven Seven Six
- Details: Seven Seven Six is a venture capital firm led by Reddit co-founder Alexis Ohanian. The firm focuses on investing in transformative technologies and innovative startups.
- Investment Focus Areas: Technology, transformative startups, innovative solutions.
- Notable Investments: Not publicly disclosed.
- OSS Capital
- Details: OSS Capital is a venture capital firm that specializes in open-source software. They aim to support and grow the open-source ecosystem through strategic investments.
- Investment Focus Areas: Open-source software, technology, developer tools.
- Notable Investments: Not publicly disclosed.
- Obvious Ventures
- Details: Obvious Ventures is a venture capital firm that invests in companies with a positive social and environmental impact. They focus on supporting businesses that aim to create a better world.
- Investment Focus Areas: Social impact, environmental sustainability, health and wellness.
- Notable Investments: Beyond Meat, Olly.
- Daily.co
- Details: Daily.co provides video calling APIs that enable developers to integrate video conferencing capabilities into their applications. They focus on enhancing communication technologies.
- Investment Focus Areas: Video conferencing, communication technologies, developer tools.
- Notable Investments: Not publicly disclosed.
- Joseph Jacks
- Details: Joseph Jacks is a prominent investor known for his focus on open-source software. He is the founder of OSS Capital and has been a key figure in the open-source community.
- Investment Focus Areas: Open-source software, technology, developer tools.
- Notable Investments: Not publicly disclosed.
What's Next for Cal.com?
Cal.com stands at the cusp of significant growth opportunities, driven by the increasing demand for efficient scheduling solutions. The platform's expansion into sectors like telemedicine, productivity, and marketplaces presents a vast market potential. With the backing of a $25 million Series A funding round, Cal.com is well-positioned to develop new apps for its App Store and offer customizable, white-label solutions to a diverse range of users.
Future fundraising opportunities seem promising, given the successful Series A round and the involvement of high-profile investors. As Cal.com scales, additional funding rounds could support further innovation and market expansion. However, the company will need to navigate challenges such as competing with established players like Calendly, ensuring platform security, and balancing the needs of both self-hosted and fully hosted service users.
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