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Evernote Raises $70 Million Financing Round Led by Meritech Capital and CBC CapitalNew Investment to Be Used for Strategic Acquisitions and Expansion Into New Markets (May 03, 2012)
MOUNTAIN VIEW, CA -- (Marketwire) -- 05/03/12 -- Evernote, the company that's helping the world remember everything, announced a $70 million Series D investment led by Meritech Capital and CBC Capital, with participation from funds and accounts managed by T. Rowe Price Associates, Inc., Harbor Pacific Capital, Allen & Company, and several other investors. The round of financing will help Evernote grow its user base in new regions, expand its offering into new verticals and enable the company to make strategic acquisitions.
Evernote is a unified collection of apps that help people remember everything, get things done and communicate effectively. The company's user base has tripled in the past year to reach 30 million users.
"Our goal is to build Evernote to be a hundred-year company that delivers a lifetime of value to our users," said Phil Libin, CEO of Evernote. "This financing provides a solid step in this direction by allowing us to build better products, grow our international presence and expand the platform with strategic acquisitions. We are honored to have the guidance and support of such an experienced group of investors."
"It's rare that we encounter companies like Evernote. They have an incredible product, a fantastic team, an adoring user base, a long-term vision, and a durable business model," said Craig Sherman, managing director of Meritech Capital. "They're already the greatest productivity tool introduced in the past decade, and they're only getting started. The company is perfectly positioned to actively enter new verticals, new categories and new regions. I've been a devoted Evernote user since they launched and we're thrilled to be a part of Evernote's next stage of growth."
Investors in the Series D round include:
- Meritech Capital
- CBC Capital
- Funds and separate accounts managed by T. Rowe Price Associates, Inc.
- Harbor Pacific Capital
- Allen & Company
- And other investors
Evernote is hiring!
Evernote is looking for exceptional individuals to help the company achieve its ambitious vision. Numerous positions are open in a number of Evernote's offices, including California, Texas, Tokyo, Beijing, and Zurich. Visit the Evernote career page for more information.
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. For more information, please visit: www.evernote.com
Iz Conroy or Megan Soto
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