Things are moving quickly at Evernote. Thanks to our amazing users, partners, employees and investors, we’ve built a thriving business with self-sustaining revenue and a solid organic growth path. In just the past two months, we’ve signed up more than 10,000 new users each and every day, released major new updates to most of our clients, added more than a dozen new partners and increased revenue from Premium subscriptions to the point where it can fund all of our normal day-to-day operations. We weren’t sure if we could go any faster. Well, we just found the turbo button.
Today’s announcement of our $20 million series “C” funding led by Sequoia Capital means that we now have the resources to significantly expand and improve our service in ways that would have taken years to achieve organically. We’ll build more features, add more devices, fix more bugs, expand into more countries, and make Evernote indispensable to more types of users (including corporate and educational folk).
We’ll take this $20 million, combine it with the more than $9 million that we still have from last year’s “B” round, and put it all back into the product. Plus, a Super Bowl ad. Plus, better lunch for the office. Plus, a ticket to the International Space Station. Minus, the Super Bowl ad and the space station ticket.
Roelof Botha from Sequoia will be joining the Evernote team as an advisor and board observer. Roelof helped build a bunch of great Internet companies, including PayPal, YouTube, Eventbrite, Unity, Meebo and Xoom. We’re frankly blown away just to appear on the same list as those guys.
Our current investors, including Morgenthaler Ventures, Troika Dialog and DOCOMO Capital are also participating in the round, and we’re humbled by their continuing support.
Of course, Roelof and Sequoia know something about building platforms and that’s the real reason why we’re so excited to be working with them. We’re going to grow Evernote from a solution that helps you remember everything to the global platform for human memory. Our goal is to become the trusted, permanent and ubiquitous destination for all of your lifetime memories. This has always been our plan, and now we have the resources to make it happen. It’s going to be a difficult and long (and awesome) journey and we are counting on you, Evernote users, for continued guidance. We got this far because of your support.
Things are moving pretty quickly at Evernote. They’re about to start moving even faster.
[Read the press release: Evernote Secures $20 Million Series C Financing Round Led by Sequoia Capital]