Notable American unicorns include SpaceX, JUUL Labs, Epic Games, and Instacart. In venture capitalism, a “unicorn” company is one that is a privately-owned (not publicly traded) start-up with a valuation of $1 billion or more. ![]() However, most impressively, this latest round of funding has put Calendly into what’s known as “unicorn” territory. “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,” said Awotona. What’s more, the app can also be streamlined with other apps, such as Zoom, which makes it desirable for busy professionals. In 2020, the company reportedly doubled its subscription revenue to $70 million, and as of this writing, more than 10 million people use the app each month to help schedule their meetings. OpenView Venture Partners led the round with assistance from San Francisco-based Iconiq Capital.Ĭalendly, itself, is a company that’s one of the fastest-growing in the field. If you’d like to get this delivered to your inbox every day at around 3pm Pacific, you can subscribe here.Calendly, a world-renowned cloud scheduling app whose usefulness only increased in the wake of the COVID-19 pandemic, has crossed into unicorn territory.Īccording to The Atlanta Business Journal, the app - which was founded by Tope Awotona - just raised $350 million in this latest round of funding. The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. Meet the early-stage founder community at TC Early Stage 2021 - Early Stage part one focuses on operations and fundraising and takes place on April 1-2, while Early Stage part two focusing on marketing, PR and fundraising and runs July 8-9. President Joe Biden commits to replacing entire federal fleet with electric vehicles - His commitment is tied to a broader campaign promise to create 1 million new jobs in the American auto industry and supply chains. (Extra Crunch is our membership program, which helps founders and startup teams get ahead. The five biggest mistakes I made as a first-time startup founder - Finmark CEO Rami Essaid has some regrets.ĭoes a $27B or $29B valuation make sense for Databricks? - A look at Databricks’ growth history, economics and scale. Ten VCs say interactivity, regulation and independent creators will reshape digital media in 2021 - We asked about the likelihood of further industry consolidation, whether we’ll see more digital media companies take the SPAC route and, of course, what they’re looking for in their next investment. Mealco raises $7M to launch new delivery-centric restaurants - By launching a restaurant with Mealco, chefs don’t sign a lease or pay any other upfront costs. SetSail nabs $26M Series A to rethink sales compensation - SetSail says salespeople should be paid them throughout the sales cycle. ![]() ![]() ![]() PepsiCo and Beyond Meat launch poorly named joint venture for new plant-based food and drinks - The name? The PLANeT Partnership.įast raises $102M as the online checkout wars continue to attract huge investment - The new funding was led by Stripe. TikTok is being used by vape sellers marketing to teens - Sellers are offering flavored disposable vapes, parent-proof “discreet” packaging and no ID checks.
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