Tech Company Calendly’s Most Recent Milestone

Calendly, the black-owned cloud-scheduling platform, has reached a milestone. The company received a new $350 million investment that pushed its value to over $3 billion. The investment comes as a huge milestone to its founder Tope Awotona, who risked his savings eight years ago to start the business.

The company announced that they were in a partnership with OpenView Venture Partners to invest in its product innovation. The business partnership is an additional success since receiving their first investment with Atlanta ventures. It has since gained a consumer base of 30 million subscribers.

The tech company has so far managed to withstand the business uncertainties throughout the pandemic. It has doubled its subscribers and increased its revenue to $70 million since 2020. The founder and CEO, Tope Awotona, attributes the growth to the increased remote working, which has let professionals utilize its scheduling services.

About Calendly

The tech company is a global leader in virtual meeting scheduling software and has been ranked 97th by Deloitte’s Technology Fast 500™. A rank of the top 500 fastest-growing companies in North America. The software is now available on IOS and Android and helps one schedule virtual meetings without using emails.

Founded in 2013, the company has software products now used by almost all companies under SaaS 1000 and major Fortune 500 companies. Calendly made 1,180% growth during the 2020 to 2021 period to archive a milestone of 10 million people every month globally. Boosting 100 million scheduled meetings in 2020 alone, Calendly is fast becoming ubiquitous as a calendar management product.

According to Blake Bartlett, a Calendly partner, they believe despite the massive growth, the company has more potential and is just getting started. It can penetrate the larger global market due to its unique and highly efficient PLG strategy (product-led-growth).

It’s no secret that the product has breached a gap in offering convenience by removing back-and-forth emails required when scheduling meetings. This uniqueness and the PLG strategy, as stated by the CEO via Atlanta Business Journal, is the secret that led Calendly to be the most integrated, most used, and loved platform for enterprises and individuals.

Calendly growth has also led to its CEO and founder to be Fortune’s most unique founder of last year. He is also one of the few black tech entrepreneurs who own a company valued now at $3 billion.

Originally published to

Victor Alston lives in California where he’s the President and CEO at Luxe Living & Big Sur Construction, working in real estate development.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Why You Should Relocate Your Business Operations to the Cloud

Ad Agencies? Where’s the Midol? Mix it with their Martini

Interview Of The Week: Jacques Aschenbroich

Sowing Disruption for a New Generation: AgTech Industry Outlook

Brick and Mortar Retail — The Post-Crisis Rebound

Healthcare goes social

How to Transition into Wholesale from a Retail Arbitrage business

The TRUTH Behind The JDM Engine Import Industry (Are They Really 40–50K Miles?)

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Victor Alston

Victor Alston

Victor Alston lives in California where he’s the President and CEO at Luxe Living & Big Sur Construction, working in real estate development.

More from Medium

Q&A with Matt Blewitt — Senior Full Stack Developer — MindGym

Real Time Streaming and why Kafka is preferred over RabbitMQ

How To Fix Solidworks For Makers R2022x 0.5 Hotfix Upgrade Error Loop

CS373 Spring 2022: Akshay Sharma