Black Owned App, CALENDLY, Raised $350M and Is Now Valued At Over $3Billion

Black owned scheduling app, Calendly, is helping over 10 million people monthly to better organize their busy work day. When scheduling meetings and trying to coordinate with others on when to meet and more, Calendly helps to simplify the mundane task. People have loved the app so much that in January, Calendly announced that they have closed a $350 million investment which now values the company at more than 3 billion dollars.

Companies OpenView Venture Partners with also new investor Iconiq Capital team up to be apart of the app that has helped many companies to continue order within a pandemic.

“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,” CEO Tope Awotona states to ShoppeBlack. “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.”

Founded in 2013, the Atlanta based company has been very popular and very profitable. In 2019 the company made roughly $70 million in subscription revenues and it is expected to make over $1 billion in the near future.

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