Evernote Secures $50 Million Round Led by Sequoia Capital

Evernote Secures $50 Million Round Led by Sequoia Capital



Evernote, the company that’s helping the world remember everything, has announced a new $50 million round of funding led by Sequoia Capital, with participation from Morgenthaler Ventures. The new funds will be put towards an aggressive growth and acquisition strategy centered on expanding the company’s offerings. Roelof Botha of Sequoia Capital will transition from an observer seat to becoming a full member of Evernote’s Board of Directors.

Evernote is helping the world remember everything by building innovative products and services that allow individuals to capture, find and interact with their memories. Evernote apps are available on all major computer, web, mobile, and tablet platforms.

“The fast pace of our organic growth, adding more than a million users in just the past month, shows that people really want to manage and simplify their lives,” said Phil Libin, CEO of Evernote. “And even though we’ve built a profitable and successful business in the past three years, we still have a long way to go to achieve our goal of becoming everyone’s second brain. Having this new investment, and Sequoia Capital as a full business partner, will allow us to improve and multiply our products in exciting ways.”

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