This financing brings us another small step closer to our long-term goal of building a hundred year startup that can be everyone’s second brain. As was true when we raised our previous round last July, we took this financing not because we need the money to fund operations, but because we see building our financial infrastructure to be a crucial component of remaining an innovative and durable company. We’ll use the money to ramp the speed of product improvements, expand internationally, and make future strategic acquisitions. Most importantly, we wanted to have the resources on hand to ensure that we don’t get distracted by anything for the next several years; whatever happens in the economy or the market, we can stay 100% focused on building the best products and providing the best user experience.
I am both proud and humbled (if you don’t think this combination is possible, try raising $70 million) that some of the world’s best late-stage investors have decided to help Evernote in our quest. Together with the exceptional guidance we’ve been getting all along from our existing investors — Sequoia Capital, Morgenthaler Ventures, Docomo Capital, and others — this new expertise will help us achieve our next level of success.
Of course, none of this could have been possible without the passion and support of our users. The entire Evernote team thanks you from the bottom of our hearts for finding us, sticking with us, and telling us — repeatedly and loudly — how to make Evernote great. We’re listening.