Mountain View-Based Evernote Raises $50 Million in New Funding

by digitalmediawi 0

Mountain View, Calif. – Evernote, the Mountain View-based developer of a multi-platform tool designed to let users capture information in nearly any environment, said on Wednesday it has raised $50 million in a new round of funding led by Sequoia Capital.

Previous backer Morgenthaler Ventures also participated in the round, which the company will use to advance its aggressive growth and acquisition strategy.

“Having this new investment, and Sequoia Capital as a full business partner, will allow us to improve and multiply our products in exciting ways,” said CEO Phil Libin. Evernote, which also raised $20 million in a round that closed last fall, currently has more than 11 million users of its technology.

This article was also published in Bay Area Tech Wire.

Related Link:

Evernote announcement: http://tinyurl.com/63xbbes

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