For a few dollars a month, user can upgrade to more storage space. Evernote’s real value comes in combining them into an app that lets you intelligently access saved content, not just store it.Įvernote competes with Dropbox, Box, iCloud, and Google Drive in cloud storage, Instapaper and Spool in web clipping, and Photoshop and Gimp in image editing as Evernote acquired image annotator Skitch last year. The company offers a suite of Evernote web and mobile apps for saving files, images, web clips, and notes, and syncing them across devices. This is the most creative stage for the company.”Īs information overload becomes more prevalent, Evernote’s mission to let you remember everything becomes increasingly relevant. He assured me “This funding keeps is us in the sweet spot to take risks. I interviewed CEO Phil Libin about what the future holds for Evernote. The Series D will also fund international expansion, including a push in China, strategic acquisitions, the development of business accounts and other features, and hiring of developers, designers, Q&A, and support.īut just because it’s maturing, Evernote has no plans of slowing down.
But now Evernote will have the cash to isolate itself from short-term market conditions. It still has much of the $96 million that it’s raised to date in the bank plus over one million paying customers out of its 25 million+ users. Meritech Capital and CBC Capital were chosen to lead the round because they’re the firms that can help Evernote prepare for an eventual IPO.Įvernote doesn’t need the money. To transition from a startup into a late-stage company that aims to be around for 100 years, Evernote today confirms it’s raised a $70 million Series D round of funding at a $1 billion valuation.
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