Contact Information: Contact: Brett Wiener or Kasey Fleisher LaunchSquad evernote@launchsquad.com 415.625.8555
Evernote Secures $10 Million in Series B Financing Led by Morgenthaler Ventures
| Source: Evernote Corporation
MOUNTAIN VIEW, CA--(Marketwire - November 16, 2009) - Evernote, the popular cloud-based
service that helps you to remember everything, today announced that it has
closed $10 million in new financing led by Morgenthaler Ventures, with
participation from prior investors including DOCOMO Capital and Troika
Dialog. This latest round of funding will help Evernote continue to evolve
and innovate its offerings, introduce versions on more platforms and
accelerate user growth in new regions.
Evernote is a free, multi-platform service designed to allow users to
easily remember ideas, inspirations and experiences from their daily lives.
Since its launch in June, 2008, Evernote has grown to nearly two
million users, and has launched native versions of its software for
Windows, Mac, Web, iPhone, BlackBerry, Palm Pre, and Windows Mobile.
Evernote also offers a paid Premium level of service, which adds additional
features including greater monthly uploads with universal file
synchronization.
"From day one, our goals have been fairly ambitious: Evernote is creating
the trusted way for people across the globe to remember all the notable
aspects of their daily lives," said Phil Libin, CEO of Evernote. "With the
experience and support of Morgenthaler Ventures, Evernote will be in a
position to reach more people in more places more quickly than we had ever
planned. Soon, everyone everywhere will reach out their hand, grab the
nearest computer or phone, and have instant access to all their memories
thanks to Evernote."
"Evernote reached its first one million users at a faster rate than
Twitter, and is zeroing in on two million users today. They have created a
simple, elegant solution for capturing, organizing and searching enormous
amounts of content in a highly intuitive way. Evernote's best advertising
has been the service itself. It has grown organically and built an
incredibly loyal, passionate user community in the process," said Gary
Little, partner at Morgenthaler Ventures.
Evernote is designed to help everyone from artists and lawyers to chefs and
students get into the habit of easily capturing their memories. An Evernote
user can snap pictures of wine labels at a restaurant, clip travel deals
from the Web and create shopping lists to their Evernote notebook. This
information will all be instantly searchable on the Web, desktop or from a
mobile device. Meanwhile, Evernote's Premium features give users even more
benefits from Evernote -- allowing for automatic file synchronization,
increased storage for notes and sharing and editing capabilities that turn
notebooks into instant collaboration tools.
About Morgenthaler Ventures
Morgenthaler Ventures is a premier venture capital firm, dedicated to
helping entrepreneurs build valuable companies for more than 40 years. It
currently has $3 billion under management, including $400 million in its
ninth fund, which was capitalized in November of 2008. Morgenthaler has
invested in approximately 300 companies in the information technology and
life science sectors. Representative portfolio companies in the IT space
include: Evernote, NexTag, Siri, Lending Club, Sezmi, Nominum, JasperSoft,
MuleSource, Peregrine Semiconductor, Cortina, Brion, Synopsys, Verifone,
Nuance Communications, Apple and NEXTEL. The firm's IT Team is
headquartered in Menlo Park, CA.
About Evernote Corporation
Evernote allows users to easily capture information in any environment,
using whatever device or platform they find most convenient, and makes this
information accessible and searchable at any time, from anywhere. Evernote
is available on the Windows, Mac, Web, iPhone, Windows Mobile, and other
devices. Get Evernote at www.evernote.com.