Evernote Raises $50m in Funding

Evernote, a Mountain View, CA-based developer of web and mobile apps that allow users to capture, find and interact with their memories, has raised $50m in funding.

The round was led by Sequoia Capital, with participation from Morgenthaler Ventures.

The company intends to use the new funds to pursue its acquisition strategy focused on expanding its offerings. Evernote has already hired Ken Gullicksen to lead its corporate development and acquisition strategy. The company is also expanding its team (http://evernote.theresumator.com/apply).

In conjunction with the funding, Roelof Botha of Sequoia Capital will join Evernote’s Board of Directors after being an observer.

Led by CEO Phil Libin, Evernote has developed apps that are designed to allow users to keep thoughts, ideas, inspiration, and things to remember for any reason all in one place. They are available on all major computer, web, mobile, and tablet platforms.



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