Calendly, a world-leading cloud scheduling app that got more usefulness in the wake of COVID-19 pandemic, has achieved a unicorn territory.
In the report by The Atlanta Business Journal, the app which was founded by the Nigerian Tope Awotona has raised $350 million in the latest round of funding. Open View Venture Partners took the lead in the round with assistance from San Francisco-based Iconiq Capital.
Calendly is a company that is one of the fast-growing in the field. In 2020, the subscription of the company revenue doubled to $70 million, and as at the time of writing this report, 10 million people use the app every month in scheduling their meetings.
Also, the app can also be streamlined with other apps such as Zoom, which makes it useful for busy professionals.
According to Awotona, “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.”
Most impressive, however, Calendly has attained what is known as “unicorn” territory through the latest round of funding.
According to venture capitalism, a “unicorn” company is one that is privately owned as a start-up with a valuation of $1 billion or more. Popular American unicorns include SpaceX, JUUL Labs, Epic Games, and Instacart.
