Web Organizer Company Evernote Raises $50 Million

Evernote is a company that encourages you to save your ideas and anything you find interesting on the web. The company has raised $50 million in a new round of funding led by Sequoia Capital. Morgenthaler Ventures also participated in this round of funding. Roelof Botha of Sequoia will be joining the board of directors as a result of the funding round.

Evernote plans on using the funding for growth and acquisition opportunities. The company currently has about 11 million users. Morgenthaler partner Ken Gullicksen is now going to be the head of Evernote’s corporate development efforts.


This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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