comscore Evernote raises $50 mn, aspires to become a 100-year old company

Evernote raises $50 mn, aspires to become a 100-year old company

Also Read - Flipboard accounts hacked; users account information reportedly leaked

Evernote, the free online service which allows you to store your memories digitally and more importantly lets you take online notes, has recently announced that it has raised a funding of $50 million from Sequoia Capital and Morgenthaler Ventures. The last round of funding that raised $20 million and was conducted in October 2010. The company has mentioned on its official blog that their main goal is to make Evernote a 100-year old company. Instead of being acquired, the company rather wants to “acquire a company or two to really boost growth.” It will put some of the raised money in “long-term investors and shareholders” and will also spend on improving and expanding its product portfolio. Evernote’s platform works across desktops, tablets, mobiles and has an approximate subscriber base of 11 million worldwide. Other platforms which have also recently raised funds are Shazaam ($32 million) and Flipboard ($50 million). Also Read - Flipboard launches self-service program for publishers

Also Read - Evernote users in India cross 5 million mark
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  • Published Date: July 14, 2011 8:01 PM IST

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