Total amount raised
$350.6 Millions
Latest funding date
Location
Calendly has successfully raised significant funding through multiple rounds, attracting notable investors such as ICONIQ Growth and ICONIQ Capital. The platform offers a streamlined scheduling solution trusted by millions of professionals and leading organizations worldwide.
Keep reading to explore the intricacies of Calendly's fundraising journey and the investors backing this innovative platform.
What Is Calendly?
Calendly, founded in 2013 by Tope Awotona, is a modern scheduling platform based in Atlanta, Georgia. The platform helps individuals, teams, and organizations automate meeting arrangements by removing the back and forth. With a workforce of 501-1000 employees, Calendly integrates with various tools to optimize the meeting lifecycle.
How Much Funding Has Calendly Raised?
- Seed Round
- Amount Raised: $550K
- Date: April 2014
- Lead Investors: Atlanta Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development and initial launch of the platform.
- Series B
- Amount Raised: $350M
- Date: January 2021
- Lead Investors: OpenView
- Valuation at Round: Over $3 billion
- Motivation Behind the Round: To provide liquidity for early shareholders and employees and to continue product innovation.
Total Amount Raised: $350.55M
Current Valuation: Over $3 billion
Key Investors
- ICONIQ Growth
- Details: ICONIQ Growth is a growth equity firm that invests in technology companies. They focus on partnering with visionary entrepreneurs to build enduring businesses.
- Investment Focus Areas: Technology, growth-stage companies, enterprise software.
- Notable Investments: Snowflake, Datadog, GitLab.
- ICONIQ Capital
- Details: ICONIQ Capital is a global multi-family office and merchant bank. They manage capital for influential families and organizations, focusing on long-term investments.
- Investment Focus Areas: Technology, real estate, private equity.
- Notable Investments: Uber, Airbnb, Alibaba.
- OpenView Venture Partners
- Details: OpenView Venture Partners is a venture capital firm that focuses on expansion-stage software companies. They aim to help companies grow and scale efficiently.
- Investment Focus Areas: Expansion-stage software, SaaS, enterprise software.
- Notable Investments: Datadog, Expensify, Instructure.
- Atlanta Ventures
- Details: Atlanta Ventures is a venture capital firm based in Atlanta, Georgia. They invest in early-stage companies and support entrepreneurs in building successful businesses.
- Investment Focus Areas: Early-stage startups, technology, SaaS.
- Notable Investments: Terminus, SalesLoft, Calendly.
What's Next for Calendly?
Calendly's future looks promising with the growing demand for remote work tools. The platform's user base has surged to 10 million, and its subscription revenue has doubled to $70 million. This growth opens up vast opportunities, especially in new user segments like health workers and freelancers. The company plans to continue innovating its product to enhance user experience and integrate with more tools.
Given its high valuation and recent $350 million funding, Calendly is well-positioned for future fundraising if needed. However, challenges such as competition and maintaining growth momentum remain. Overcoming these hurdles will be crucial for sustaining its market leadership.
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