Clockwise Announces $45 Million Series C Funding Round Led by Coatue, with Participation from Atlassian Ventures and Existing Investors

Software company creates over 2 million hours of uninterrupted Focus Time for teams, addresses burnout and other challenges of the remote and hybrid workplace

Clockwise, a Time Orchestration platform that helps teams free up their workdays, announced today it has raised a $45 million Series C funding round led by Coatue, with participation from Atlassian Ventures and existing investors Accel, Greylock Partners, and Bain Capital Ventures. This round brings the company’s total funding raised to $76 million to date.

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“We’re incredibly excited to partner with Clockwise to help people adopt this new way of working and build on the company’s momentum.”

Since launching in 2018, Clockwise has rescheduled 4,000,000 flexible meetings and created more than 2,000,000 hours of uninterrupted Focus Time for teams. Today, more than 10,000 organizations run on Clockwise, including Netflix, Twitter, Atlassian and Asana.

The shift to remote and hybrid work has upended the way people spend their time. Clockwise data shows that time in 1:1 meetings has increased 24% since the pandemic, and 78% of people feel that their meeting schedule is out of control. Workers are spending their limited free time preparing for the next meeting and using meetings to do the work they don’t have time for. They’re disconnected from their teams, behind on their work, and increasingly burned out.

Clockwise is the solution to the modern workday. The company’s mission is to help people make time for what matters. Clockwise optimizes your team’s schedules to create more time in everyone’s day — so we can feel present when we’re working together and focused when we’re working on our own. More than 70% of Clockwise users say that it helps with their productivity in a remote or hybrid work environment, and 84% of people managers say that it helps them use their time more efficiently.

“Time has become a shared resource. Our calendars connect us to everyone we meet with—and everyone they meet with. That means one person’s attempts to optimize their day can completely destroy their teammate’s productivity,” said Matt Martin, Co-Founder and CEO of Clockwise. “The magic of Clockwise is that we orchestrate companies’ workdays, running up to 1 million calendar permutations for per team to create the best possible schedule for everyone.”

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