What is Evernote?
Founded in 2004 and headquartered in Redwood City, California, Evernote has established itself as a leading provider of digital tools for productivity. The company's core offering is a robust platform designed to help individuals and teams capture, organize, and manage information. Its services are crucial for professionals, students, and organizations seeking to enhance their workflow efficiency and knowledge management. The consistent flow of capital into Evernote indicates its sustained relevance in the competitive productivity software market.
How much funding has Evernote raised?
Evernote has raised a total of $272.5M across 10 funding rounds:
Angel/Seed
$3M
Series A
$6.5M
Series B
$10M
Series C
$20M
Private Equity
$50M
Series D
$70M
Series E
$85M
Unspecified
$20M
Debt
$2M
Angel/Seed (2007): $3M, investors not publicly disclosed
Series A (2009): $6.5M supported by Troika Ventures and DoCoMo Capital
Series B (2009): $10M featuring DoCoMo Capital, Troika Dialog, Steamboat Ventures, and Morgenthaler Private Equity
Series C (2010): $20M backed by Morgenthaler Private Equity, DOCOMO Capital, Troika Dialog, and Steamboat Ventures
Private Equity (2011): $50M with participation from Steamboat Ventures and Morgenthaler Private Equity
Series D (2012): $70M led by T. Rowe Price, Harbor Pacific Capital, Meritech, Allen & Company, and CBC Capital
Series E (2012): $85M supported by AGC Equity Partners, m8 Capital, and T. Rowe Price
Unspecified (2014): $20M featuring Nikkei
Debt (2020): $2M backed by PPP
Key Investors in Evernote
T. Rowe Price
T. Rowe Price is a global investment management firm founded in 1937, known for managing equity and fixed income mutual funds. Their participation suggests a belief in Evernote's long-term growth potential and market stability.
Harbor Pacific Capital
Harbor Pacific Capital is a venture capital and growth equity firm focused on technology, media, and consumer sectors, particularly those with potential in Asian markets. Their investment indicates a strategic interest in Evernote's expansion and technological advancement.
Steamboat Ventures
Steamboat Ventures, established in 2000, invests in early to growth-stage technology, media, and consumer companies. Their involvement points to a strategic alignment with Evernote's growth phase and market leadership aspirations.
What's next for Evernote?
The recent strategic investment in Evernote signals a phase of potential expansion and product development. Given the company's established presence, this capital infusion is likely to be directed towards enhancing its existing features, exploring new technological integrations, and potentially broadening its market reach. The company's trajectory suggests a focus on solidifying its position as an indispensable tool for information management in an increasingly digital world. Future growth may involve deeper AI integration for smarter note-taking and task management capabilities.
See full Evernote company page
