Clockwise Raises $18M in Series B Funding Led by Bain Capital Ventures
Investment fuels expansion as smart calendar innovator also announces the launch of Clockwise for Teams, a time management toolkit for remote teams
Clockwise, the smart calendar assistant, announced an $18M Series B funding round, led by Bain Capital Ventures. Ajay Agarwal at Bain Capital Ventures joins the board of directors, along with existing investors, Steve Loughlin at Accel and John Lilly at Greylock Partners, who also participated in this round. The Series B investment brings the company’s total funding raised to $31.6M and builds on the company’s momentum, including 87 percent growth in signups since the beginning of 2020. The financing will be used to grow the Clockwise team and continue innovating in the workplace calendar space.
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“The last few months have challenged workers, more than ever, to find the time to actually get work done during increasingly hectic days”
“In a business world increasingly reliant on the productivity of information workers, Clockwise delivers significant time savings to individuals, teams, functions and organizations,” said Ajay Agarwal at Bain Capital Ventures. “Over the past several months, Clockwise has seen material acceleration in their user growth as remote workers search for smart technology to streamline meetings and create necessary space in their days, and employers simultaneously address the urgent need to analyze time spent. We are thrilled to partner with Matt and the Clockwise team as they continue to expand on calendar automation and reimagine workplace productivity.”
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As the first company to introduce the concept of flexible meeting times into the workplace, Clockwise has helped popularize and democratize the concept of Focus Time. Since launching in 2019, Clockwise has optimized more than 200,000 calendars for workers at companies like Slack, Asana, and Spotify.
“Clockwise started with a simple mission to help workers make time for what matters. We delivered on that mission with our intelligent calendar software that allows workers to take back control of their day,” said Matt Martin, Clockwise Co-Founder and CEO. “This new funding enables us to accelerate our growth and build the future of calendar today.”
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