Evernote, a cloud-based service that helps users to “remember everything”, has closed $10m in new financing led by Morgenthaler Ventures, with participation from prior investors including DOCOMO Capital and Troika Dialog.
This latest round of funding will help Evernote continue to evolve and innovate its offerings, introduce versions on more platforms and accelerate user growth in new regions.
Evernote is a free, multi-platform service designed to allow users to easily remember ideas, inspirations and experiences from their daily lives. Since its launch last year, Evernote has grown to nearly two million users, and has launched native versions of its software for Windows, Mac, Web, iPhone, BlackBerry, Palm Pre, and Windows Mobile.
Gary Little, partner at Morgenthaler Ventures, said, “Evernote reached its first one million users at a faster rate than Twitter, and is zeroing in on two million users today. They have created a simple, elegant solution for capturing, organising and searching enormous amounts of content in a highly intuitive way. Evernote’s best advertising has been the service itself. It has grown organically and built an incredibly loyal, passionate user community in the process.”
Morgenthaler Ventures is currently has $3bn under management, including $400m in its ninth fund which was raised last year.
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