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

Black Owned App Calendly value soars to $3 Billion
Tope Awotona Founded Calendly in 2013, and since has grown the app to an evaluation of $3 billion dollars! “Our profitable, unique, product-led growth model has led to Calendly becoming the most used, most integrate

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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.

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.

“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.”

This article was written by Tony O. Lawson and has been reposted from Shoppe Black

I am the CEO of WDB Marketing, a full-service marketing company that specializes in brand management, graphic design, marketing solutions and full-service printing. I am proud to say we manufacture all of our print services in-house, making us the first African American owned full-service printing manufacturing in the South Suburbs. To date WDB Marketing has proudly serviced over 5,000 businesses and entrepreneurs in industries such as retail, professional services and not-for-profit. Our past and current client include the Chicago Urban League, Flavor Restaurant, the Chicago Defender, Just Turkey franchise and WVON 1690AM.

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