Nigerian named Tope Awotona who owns one of the world’s most sought-after cloud scheduling platforms called Calendly, has secured $350 million investment, shooting his company’s worth to over $3 billion.
The platform which helps users to easily schedule meetings and also find meeting times was built with features that makes it compatible with Google, Outlook, and iCloud calendar; platforms such as Zoom and Twilio also use Calendly to streamline how they schedule meetings.
A total of 10 million people across the world use the platform every single month; the CEO, Tope stated that “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.”
The company, Calendly LLC has announced that, an investment deal of $350 Million has been secured from Boston-based OpenView Venture Partners which is an existing investor and San Fransisco-based Iconiq Capital, shooting the value of the company up to over $3 million; this is considered the first and largest investment since a joint funding of $550,000 was received from local firm Atlanta Ventures and OpenView Venture partners, an expansion stage firm.
Blake Bartlett of OpeView stated that “Calendly has a vision increasingly to be a central part of the meeting life cycle.”
The Nigerian launched the application way back in 2013. Narrating his story, Tope stated that, “I raided my bank account and 401(k) to launch Calendly in 2013. Eventually, I ran out of money and started to seek VC funding.”
He added that, “I had a working product, and customers using it, and everyone said no. Meanwhile, I watched other people who fit a different ‘profile’ get money thrown at them. The whole experience made me hate raising money but it forced me to become resourceful, scrappy, and maniacally focused. I learned how to stretch each dollar.” Despite all these challenges, his resilience has earned him a successful business today which is worth over $3Billion.
“People will still fail but they should not let those failures hold them back. Right? And more importantly, when they and if they fail, again, I guess the most important thing is not failing for the same reason, multiple times.” The CEO of Candly, Babatope advised in an interview.