Calendly

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Calendly
IndustryInformation Technology, Software
FoundedSeptember, 2013
FoundersTope Awotona
Headquarters
Atlanta, Georgia
,
United States of America
Websitewww.calendly.com

Editor: Charissa Cassels

Tope Awotona founded Calendly,[1] an online Calendar tool, based in Atlanta.[2] Awotona is the CEO of the scheduling app[3] that took him and his team six months to build in 2013.

Calendly is based in Buckhead’s Atlanta Tech Village in Atlanta, Georgia.[4]

The app and company specialise in productivity, sales acceleration, scheduling, efficiency, recruiting software, lead conversation and software as a service where[5] users create rules around availability and can send invitees URL’s outlining the meeting’s time. The app simplifies how meetings are scheduled by creating rules like availability preferences, sharing links, or embedding calendars, allowing those who want to have a meeting to pick a time using the app.[6]

Calendly is a freemium software-as-a-service and it currently employs around 200 people.[7]

History

While Awotona was working at Perceptive Software, he aspired to start his own company and did not have the courage to until a staff meeting occurred at Perceptive Software. Its founder, Scott Coons, told his staff members about how the company went from idea to fruition, leading Awotona to understand that successful companies also go through turbulence and require hard work and dedication. He found a problem that he was passionate about solving and that is how the idea for Calendly was conceptualised.[8]

A year after this, Awotona wanted to schedule a meeting which resulted in back and forth emails. He googled existing tools and discovered the gap in the market and aimed to fill that gap by creating Calendly.[9]

Calendly stemmed from an idea to design software that would minimise the hassles of scheduling meetings. The company was founded at the Atlanta Tech Village, a start-up incubator that was started by serial software entrepreneur, David Cummings.[10]

The building of the startup was partly done with engineers in Kiev, Ukraine.[11] Companies like Twilio and UCSF, teachers, contractors, entrepreneurs and freelancers use the app.[12] Additionally, Atlanta Tech Village uses Calendly to schedule tours for its facility.[13]

The market for the app has grown since the Coronavirus pandemic as most meetings have become virtual.[14]

The company is currently valued at over $3 billion.[15] Calendly’s success has put it into unicorn territory meaning that it is a privately owned startup with a valuation of $1 billion or more.[16]

Awotona plans to build out the company’s platform with more tools and integrations.

Product

Two options are available with the app: a free and premium subscription which costs between $8 per user (billed annually) and $10 (billed monthly.) The premium subscription gives the user more ways to customize and funnel people into different buckets.[17]

The app allows users to schedule meetings by sharing one's custom Calendly link. An account holder can display their available meeting times, and the software will guide the end-user by selecting an available meeting slot. They can create meetings, and share them with other guest’s preferred scheduling platforms to add to their cloud-based calendars. It integrates with several popular calendar apps, making it easier to schedule meetings quickly and efficiently.

Calendly works with Google, Office 365 and Outlook calendars.[18]

Calendly integrated with Microsoft teams and this led to all video conferences being free for users. This also means that users can meet for free through Calendly’s integration with Microsoft teams, Zoom and GoToMeeting.[19]

Investments

Awotona invested his 401K into the business to start it, which was essentially all of his savings, maxing out his credit cards and taking business and personal loans.[20]

Calendly received $550,000 from Atlanta Ventures and OpenView[21] in August, 2017.[22]

The company closed a $350 million investment from investors including OpenView Venture Partners and Iconiq Capital.[23] OpenView Venture Partners is a Boston-based expansion-stage firm and existing investor and Iconiq is a San-Francisco-based company.

This investment will be used to provide liquidity for early shareholders and employees and will allow the company to continue with product innovation.[24]

Awards and Achievements

Calendly’s venture round was the largest round in Atlanta’s history.[25]

The app has about 10 million monthly users.[26]

References

  1. 21. Calendly Founder Tope Awotona | Going All In - No Time To Waste. Retrieved 13 May, 2021.
  2. Atlanta-based Calendly valued at $3 Billion following $350-Million round of investment - The Atlanta Voice. Retrieved 13 May, 2021.
  3. 5 Black Corporate Business Leaders to Watch in 2021 - Dream Financial. Retrieved 13 May, 2021.
  4. Calendly - Tope Awotona - Simply Buckhead. Retrieved 13 May, 2021.
  5. Calendly - LinkedIn. Retrieved 14 May, 2021.
  6. Calendly, cloud scheduling platform raises $350m on $3bn valuation - Naira metrics. Retrieved 14 May, 2021.
  7. How Atlanta’s Calendly turned a scheduling nightmare into a $3B startup - Tech Crunch. Retrieved 14 May, 2021.
  8. How Tope Awotona Fight Through Life’s Challenges to Build a $60m Startup in The US - Techawk. Retrieved 14 May, 2021.
  9. Tope Awotona - A founder story - Atlanta Tech Village. Retrieved 14 May, 2021.
  10. ATLANTA’S CALENDLY RAISES $350M FROM OPENVIEW VENTURE PARTNERS AT $3B+ VALUATION - The Moguldom Nation. Retrieved 13 May, 2021.
  11. How Atlanta’s Calendly turned a scheduling nightmare into a $3B startup - Tech Crunch. Retrieved 14 May, 2021.
  12. How Atlanta’s Calendly turned a scheduling nightmare into a $3B startup - Tech Crunch. Retrieved 14 May, 2021.
  13. Calendly - Tope Awotona - Simply Buckhead. Retrieved 13 May, 2021.
  14. ATLANTA’S CALENDLY RAISES $350M FROM OPENVIEW VENTURE PARTNERS AT $3B+ VALUATION - The Moguldom Nation. Retrieved 13 May, 2021.
  15. 5 Black Corporate Business Leaders to Watch in 2021 - Dream Financial. Retrieved 13 May, 2021.
  16. Cloud Scheduling App Calendly Raises $350M, Surpasses Initial $3B Valuation - Afrotech. Retrieved 14 May, 2021.
  17. Calendly - Tope Awotona - Simply Buckhead. Retrieved 13 May, 2021.
  18. Atlanta-based Calendly valued at $3 Billion following $350-Million round of investment - The Atlanta Voice. Retrieved 13 May, 2021.
  19. Calendly Announces Integration With Microsoft Teams, Makes All Video Conferencing Free For Users - HR Tech Series. Retrieved 14 May, 2021.
  20. ATLANTA’S CALENDLY RAISES $350M FROM OPENVIEW VENTURE PARTNERS AT $3B+ VALUATION - The Moguldom Nation. Retrieved 13 May, 2021.
  21. Calendly, cloud scheduling platform raises $350m on $3bn valuation - Naira metrics. Retrieved 14 May, 2021.
  22. Calendly’s $350M Series B: We’re Just Getting Started - Open View Partners. Retrieved 14 May, 2021.
  23. Atlanta-based Calendly valued at $3 Billion following $350-Million round of investment - The Atlanta Voice. Retrieved 13 May, 2021.
  24. Calendly, The Black Owned Scheduling App, Just Raised $350M, and Is Now Valued At Over $3Billion - Shoppe Black. Retrieved 14 May, 2021.
  25. Calendly as the World’s Scheduling Platform - David Cummings. Retrieved 14 May, 2021.
  26. Calendly, The Black Owned Scheduling App, Just Raised $350M, and Is Now Valued At Over $3Billion - Shoppe Black. Retrieved 14 May, 2021.