In recent months, ClickUp has undergone restructuring, laying off 10% of its staff in July and 7% in 2022, in a bid to become more efficient and IPO-ready. The company last raised $400 million in Series C funding co-led by Andreessen Horowitz and Tiger Global. Other investors include Lightspeed Venture Partners, Meritech Capital Partners, Craft Ventures, and Georgian Partners. The calendar apps space has seen significant activity recently, with Vimcal securing funding, Notion launching a standalone calendar, and Amie integrating email functionality.
Key takeaways:
- Productivity company ClickUp has acquired UK-based calendar app Hypercal, with Hypercal's founder Ricardo Clerigo joining ClickUp as Head of Calendar.
- Hypercal, founded in 2022, offers integration with various apps and has both a free and a paid tier for calendar and task integrations.
- ClickUp plans to use Hypercal to infuse new AI-powered features into its productivity suite, with the aim of creating a single platform for all productivity needs.
- ClickUp has previously undergone restructuring and layoffs in an effort to become more efficient and IPO-ready, and last raised $400 million in Series C funding co-led by Andreessen Horowitz and Tiger Global.