Evernote, the ever-popular note-taking service, announced a $20 million Series C investment round led by a new investor – Sequoia Capital. Existing shareholders — including Morgenthaler Ventures, DOCOMO Capital and Troika Dialog — will also participate. Evernote will use the new money for “rapid product development” and “expansion into new market segments.” Roelof Botha, Partner at Sequoia Capital, will join the Evernote Board of Directors as an observer.
Love to see Evernote growing. As you may know from some of my previous posts, I use their service all the time and spare no words to praise it.
Finally, we have the words of Evernote’s CEO – Phil Libin. He said: “This is an amazing time in Evernote’s short history. We’re building great products, growing faster than ever and are solidly on the path to profitability. Having Roelof Botha and the Sequoia Capital team on our side will help Evernote capitalize on this momentum. Our growing revenue and strong financial footing coming into this round allow us to put this money towards an ambitious growth plan. Evernote users can expect more of everything they love, all while we explore new markets and new opportunities.”