Calendly 350m partners iconiq 3b lundentechcrunch

#Calendly 350m partners iconiq 3b lundentechcrunch serial#
#Calendly 350m partners iconiq 3b lundentechcrunch software#
#Calendly 350m partners iconiq 3b lundentechcrunch series#

вЂњOur 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 alikeвЂќ вЂ“ Tope Awotona, Founder/CEO They just hit $85M in revenue with 20M customers.

#Calendly 350m partners iconiq 3b lundentechcrunch series#

Back in 2019 they generated over $700M in revenue and they are still private, bootstrapped and profitable to this day.Д¬alendly used very little resources in their early days to reach profitability and instead of going after investors right after their early traction, they decided to double down on customers which eventually led them to skipping their Seed round AND Series A round to go straight to a Series B round raising $350M at a $3B valuation. MailChimp is one of the very few tech unicorns that hasnвЂ™t raised a penny from venture capitalists. He has 15 years of experience in cloud companies, including at Quip, which was acquired by Salesforce (NYSE: CRM).There are 3 companies all based in Atlanta, GA who decided to prioritize their customers over investors. Patrick Moran serves as CRO and leads strategy for marketing, sales and partnerships. He will work on doubling CalendlyвЂ™s team of more than 200 employees.

#Calendly 350m partners iconiq 3b lundentechcrunch software#

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.Д¬alendly 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.

#Calendly 350m partners iconiq 3b lundentechcrunch serial#

This fundraising round is CalendlyвЂ™s first since receiving $550,000 from local firm Atlanta Ventures and OpenView, according to a Calendly spokesperson.ДЄwotona founded Calendly in 2013 at the Atlanta Tech Village, a startup incubator started by serial software entrepreneur David Cummings.Д¬ummings 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,вЂќ Awotona continued in the announcement. вЂњOur 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,вЂќ 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.