black owned scheduling app

Calendly, The Black Owned Scheduling App, Just Raised $350M, and Is Now Valued At Over $3Billion

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Calendly is a Black owned scheduling app, designed to make the process of finding meeting times easy. Currently, about 10 million people use the platform on a monthly basis.

Today, Calendly announced that they have closed a $350 million investment which now values the company at more than $3 billion. OpenView Venture Partners, along with new investor Iconiq Capital, were part of the investment.

black owned scheduling app
Tope Awotona, Founder and CEO of Calendly

Tope Awotona founded Calendly in 2013. Since then, the Atlanta based company has been very popular and very profitable.

Last year, the company made about $70 million in subscription revenues and is projecting revenues will get to $1 billion in the near future.

The investment will be used to provide liquidity for early shareholders and employees as well as continue product innovation, according to the announcement. The software startup also added two new senior executives at the end of 2020 to grow its employees and revenue.

black owned scheduling app

“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. “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.”

 

Tony O. Lawson


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9 Comments

  1. I’m so proud to be a professional woman of color!!!! Thank you guys for all that you do to ensure that we shine with excellence!!!!

  2. My organization has been using Calendly for 4 years now. Great product. Glad to hear it is Black-owned. Congratulations!!

  3. I just opened my Virtual Assistant business about 6 months ago and this software after trying about 3 others has been a blessing to an already stressful start up. Hits all marks, priced perfectly and looking forward to added upgrades. And now another plus it’s Black owned. Awesome!

  4. I’m happy for him… this is great news for African Immigrants. But this shouldn’t be celebrated if it’s not a FBA/ADOS Black person. We built America and were systematically shut out of wealth (capital, credit, mortgages) in ways that hyperselected First/Second generation Black immigrants we not. Our successful business districts were burned down by vigilantes and highways through urban renewal. And we have a complete unique set of challenges. This needs to kept in mind when we read stories like this.

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