# Evernote Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/evernote

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.evernote.com
- Total disclosed funding: $159M
- Latest round: Series D (Nov 30, 2012)
- Investors on record: 11

## About

Evernote Corporation, based in the US, develops a note-taking application that centralizes notes, tasks, and schedules, enabling users to enhance their productivity and organization through various features like AI-Powered Search and Web Clipper.Evernote Corporation, founded in 2008 in Redwood City, US, offers a sophisticated note-taking application that enables users to store and organize their ideas and tasks. The company has undergone several strategic pivots to enhance its services and user experience. The founding team includes Amir Behrooz, Juan Neis, and Stepan Pachikov. The current CEO is Ian Small. The company has successfully raised a total of USD 20.00 mn across multiple funding rounds, with the latest funding, a Series F, completed on January 3, 2023, leading to a current company valuation of USD 2060.92 mn.Evernote's primary offering is its comprehensive note-taking application designed to centralize notes, tasks, and schedules in a single platform. The app allows users to create and organize notes that can include text, images, audio, scans, PDFs, and documents, facilitating various use cases such as project planning, personal organization, and research. Launched in 2008, Evernote serves a diverse clientele that includes students, professionals, and teams across sectors like education, business, and personal productivity. The application's features, such as AI-Powered Search and the Web Clipper tool, enhance user experience by allowing for efficient information retrieval and internet content capture. Evernote is available globally, with a strong presence in North America, Europe, and parts of Asia, making it accessible to a wide range of end users who require organizational tools.Evernote generates revenue primarily through subscription-based models, offering different pricing tiers for individual and team use. The main offerings include a free tier with basic functionalities and several premium plans that unlock advanced features such as increased storage, enhanced collaboration tools, and AI capabilities. Transactions typically occur directly between Evernote and its end users, with subscriptions billed annually or monthly, depending on the chosen plan. This direct-to-consumer approach allows the company to maintain a close relationship with its users while providing tailored support and service enhancements. Specific pricing for premium services may vary, reflecting the features that cater to both individual users and organizations seeking to optimize their productivity through Evernote's robust functionalities.In January 2023, Evernote Corporation was acquired by Bending Spoons S.p.A., with the goal of enhancing Bending Spoons' offerings and improving its business services. Future growth strategies include the development of new products aimed at enhancing the user experience, though specifics on these products and any release dates are not publicly available. Additionally, Evernote plans to expand its market reach, particularly targeting regions in Asia and Europe, to further grow its user base. The recent funding will be utilized to bolster the company's staff and support advancements in both its business and consumer services.

## Funding rounds

- Series D, Nov 30, 2012, $21M — T Rowe Price, AGC Equity Partners, Valiant
- Series D, Apr 20, 2012, $86M — Meritech Capital Partners, T Rowe Price, Allen & Company, CBC Capital, Harbor Pacific Capital
- Series C, Jun 17, 2011, $15M — Morgenthaler Ventures, Hong Shan
- Series B, Oct 19, 2010, $20M — Morgenthaler Ventures, Hong Shan, Troika Dialog, DOCOMO Innovations
- Series A, Nov 16, 2009, $8.7M — Morgenthaler Ventures, Troika Dialog, DOCOMO Innovations
- Series A, Sep 9, 2009, $2M — Troika Dialog, DOCOMO Innovations
- Series A, Dec 31, 2008, $5.5M — DOCOMO Innovations

## Investors

- DOCOMO Innovations (https://capitalatlas.ai/funds/docomo-innovations) — Series A, Series B
- Troika Dialog — Series A, Series B
- Morgenthaler Ventures (https://capitalatlas.ai/funds/morgenthaler-ventures) — Series A, Series B, Series C
- Hong Shan — Series B, Series C
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series D
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series D
- Allen & Company — Series D
- CBC Capital (https://capitalatlas.ai/funds/cbc-capital) — Series D
- Harbor Pacific Capital (https://capitalatlas.ai/funds/harbor-pacific-capital) — Series D
- AGC Equity Partners (https://capitalatlas.ai/funds/agc-equity-partners) — Series D
- Valiant (https://capitalatlas.ai/funds/valiant) — Series D