About Evernote
Evernote is a suite of software and services that allow users to capture, organize, and find information across multiple platforms.
Headquarters
Evernote, Redwood City
Founded
2000-02-29
Industry
Information Services, Information Technology, Mobile, SaaS, Software
Last Funding Type
Series E
Valuation
11
Total Funding
$290.00 million dollars
IPO Status
Private
Financial
Evernote is focusing on enhancing document interaction and data management. Their R&D includes fast identification of images in documents, automatic protection of partial document content, and contextual identification of information feeds during content entry. They are also developing methods for restoring full online documents from scanned fragments and extracting structured data from handwritten and audio notes. Additionally, Evernote is working on automatic generation of preferred views for personal content collections, shared user-driven clipping of web pages, and relationship-based search to improve user experience. Each area of R&D aims to streamline information organization and retrieval across platforms.
Evernote, recognized for its note-taking capabilities, faces mixed reviews. While some users remain loyal, citing its efficiency in organizing ideas across devices, others seek alternatives due to dissatisfaction. The market for note-taking apps is competitive, with many free options available.
Evernote, recognized for its note-taking capabilities, faces mixed reviews. While some users remain loyal, citing its efficiency in organizing ideas across devices, others seek alternatives due to dissatisfaction. The market for note-taking apps is competitive, with many free options available.
Funding Rounds
12
Number of Lead Investors
8
Total Funding Amount
$290.00 million dollars
Number of Investors
24
Evernote vs. Other Decacorns
| Company | Valuation | Total Funding | Funding Rounds |
|---|---|---|---|
| Evernote | $11B | $290.00M | 12 |
| Weights & Biases | $5B | $250.00M | 7 |
| SeekOut | $1B | $188.60M | 4 |
| Tanium | $9B | $1.05B | 14 |
| Canva | $51B | $2.51B | 19 |
| Postman | $6B | $433.00M | 5 |
| Confluent | $18B | $455.90M | 8 |
| Dataiku | $4B | $846.84M | 11 |
| QuintoAndar | $5B | $755.27M | 9 |
| SandboxAQ | $8B | $825.00M | 3 |
| MoonPay | $31B | $650.68M | 8 |
| Ola | $7B | $4.97B | 30 |
| Sportradar AG | $7.4B | $98.29M | 5 |
| Mozido | $2B | $3.35M | 6 |
| Collibra | $5B | $596.52M | 9 |
| 1Password | $14B | $920.14M | 3 |
| DFINITY | $2B | $166.88M | 6 |
| Drata | $4B | $328.24M | 4 |
| Mysten Labs | $2B | $336.01M | 3 |
| Cerebras Systems | $26B | $715.00M | 7 |
| Wave (Financial Software) | $2B | $79.75M | 10 |
| Enya (Software Development Applications) | $3B | $1.50M | 2 |
| Latch | $1.6B | $342.12M | 7 |
| Concordium | $1B | $76.10M | 8 |
| AvidXchange | $4.9B | $1.13B | 10 |
| Adyen | $8.3B | $266.00M | 3 |
| CoinTracker | $4B | $101.62M | 3 |
| Offchain Labs | $1B | $123.70M | 3 |
| Twilio | $2B | $614.42M | 13 |
| Kik | $2B | $215.80M | 7 |
| Illumio | $22B | $557.50M | 6 |
| Quotient Technology | $1.2B | $284.26M | 10 |
| Databricks | $38B | $14.00B | 13 |
| Asapp | $2B | $380.00M | 5 |
| Miro | $88B | $476.30M | 5 |
| Upside | $5B | $165.00M | 6 |
| InsideSales.com | $3B | $251.20M | 6 |
| Asana | $50B | $453.20M | 13 |
| AppDirect | $2B | $574.50M | 9 |
| Gong.io | $7B | $583.00M | 8 |
| Anthropic | $12B | $13.74B | 11 |
| Improbable | $11B | $704.03M | 7 |
| One Medical | $1.7B | $532.07M | 11 |
| Notion | $110B | $343.20M | 7 |
| Zenefits | $14B | $584.10M | 6 |
| Dialpad | $2B | $450.00M | 9 |
| Grammarly | $39B | $400.00M | 3 |
| CloudBees | $1B | $356.20M | 8 |
| Lattice | $18B | $330.32M | 9 |
| Couchbase | $1B | $251.00M | 9 |
| Rebel Foods | $1B | $787.55M | 27 |
| Workfront | $2B | $375.00M | 5 |
| DriveNets | $2B | $587.00M | 4 |
| Fusion-io | $1.5B | $111.50M | 3 |
| TaxBit | $3B | $253.36M | 8 |
| Epirus | $1B | $287.63M | 4 |
| ZipRecruiter | $2.4B | $769.00M | 3 |
| Infinera | $1.1B | $625.80M | 9 |
| Revolut | $99B | $1.74B | 20 |
| Copper | $2B | $102.00M | 5 |
| Slack | $23B | $1.39B | 13 |
| Synthego | $1B | $459.69M | 9 |
| Pax | $2B | - | - |
| Cylance | $1B | $297.00M | 6 |
| AppDynamics | $2B | $364.50M | 11 |
| Carbon Health | $6B | $622.50M | 11 |
| Roku | $1.3B | $212.01M | 11 |
| Commure | $4B | $620.50M | 8 |
| Remote | $17B | $496.00M | 5 |
| Mainspring | $1B | $32.50M | 2 |
| Tradeshift | $8B | $1.13B | 14 |
| Wrapbook | $1B | $150.60M | 4 |
| Qualia | $2B | $160.00M | 6 |
| Retool | $29B | $141.00M | 5 |
| Doctolib | $6B | $815.03M | 9 |
| Matillion | $3B | $290.00M | 7 |
| Schroedinger | $0.8B | $577.22M | 10 |
| Jfrog | $3.9B | $226.50M | 6 |
| Datto | $4.3B | $100.00M | 3 |
| SmartRent | $2.2B | $256.50M | 6 |
| Hike | $1B | $261.00M | 8 |
| Quora | $22B | $301.00M | 5 |
| Deem | $1B | $536.13M | 13 |
| Forto | $2B | $593.38M | 6 |
| MobileCoin | $6B | $107.35M | 4 |
| Active Network | $1B | $344.19M | 9 |
| Flexport | $152B | $2.70B | 19 |
| Whatnot | $12B | $484.70M | 7 |
| Niantic | $18B | $770.00M | 6 |
| Vianai | $2B | $190.00M | 2 |
| Contrast Security | $3B | $269.00M | 5 |
| Aleo | $1B | - | - |
| Satispay | $1B | $533.14M | 11 |
| Clari | $3B | $496.00M | 8 |
| Truecaller | $2.5B | $101.16M | 10 |
| StarkWare | $32B | $273.00M | 8 |
| Pilot | $9B | $172.10M | 6 |
| Hugging Face | $10B | $395.20M | 7 |
| Airbnb | $459B | $6.42B | 29 |
| Procore | $9.6B | $654.02M | 17 |
| Fleetmatics Group | $0.6B | $93.00M | 2 |
| Carbonite | $0.2B | $191.20M | 8 |
| Concur Technologies | $0.2B | $291.75M | 2 |
| Bolt | $99B | $982.08M | 11 |
| Vercel | $8B | $563.00M | 5 |
| Divvy | $7B | $417.50M | 5 |
| Placer.ai | $6B | $267.51M | 10 |
| Nexthink | $2B | $345.88M | 8 |
| Sumo Logic | $2.2B | $340.00M | 6 |
| Moglix | $5B | $472.21M | 8 |
| Lucid | $3B | $3.82M | 4 |
| Pipedrive | $5B | $90.20M | 8 |
| Udacity | $2B | $240.00M | 6 |
| Palantir Technologies | $308B | $3.03B | 28 |
| Andela | $3B | $381.01M | 9 |
| Honor | $14B | - | 3 |
| CRED | $12B | $801.49M | 8 |
| STORD | $4B | $325.04M | 6 |
| Scopely | $41B | $998.50M | 10 |
| Nicira Networks | $1B | $41.82M | 4 |
| Weave | $1.5B | $168.00M | 8 |
| Applied Intuition | $22B | $901.50M | 7 |
| ClassDojo | $17B | $191.10M | 6 |
| HyperScience | $7B | $288.88M | 9 |
| SmartNews | $2B | $410.29M | 6 |
| Toutiao | $20B | - | - |
| Via | $7B | $19.81M | 5 |
| LogMeIn | $0.3B | $30.00M | 5 |
| Material Security | $4B | $162.00M | 4 |
| Planet Labs | $2.8B | $573.90M | 10 |
| Cohesity | $10B | $955.00M | 10 |
| Gusto | $547B | $746.10M | 15 |
| Checkr | $60B | $679.00M | 8 |
| Coalition | $10B | $770.00M | 7 |
| Sourcegraph | $5B | $248.00M | 7 |
| Productboard | $5B | $261.70M | 8 |
| FullStory | $4B | $197.20M | 7 |
| Amplitude | $4.6B | $311.48M | 14 |
| Mandiant | $2.3B | $70.00M | 2 |
| ThoughtSpot | $13B | $663.70M | 12 |
| Veriff | $6B | $192.32M | 7 |
| Swvl | $1.5B | $242.70M | 10 |
| Uber | $82.4B | $30.21B | 33 |
| Motive | $3B | $567.30M | 9 |
| Livongo | $2.5B | $235.00M | 6 |
| Hasura | $2B | $136.50M | 4 |
| Dapper Labs | $76B | $612.51M | 7 |
| Ada (Business/Productivity Software) | $1B | $190.62M | 7 |
| MoPub | $3B | $18.50M | 4 |
| Rebellion Defense | $1B | $150.00M | 2 |
| Stack Overflow | $12B | $153.00M | 6 |
| Stripe | $559B | $9.44B | 20 |
| Netscape Communications | $1.2B | $8.00M | 3 |
| Druva | $2B | $475.00M | 9 |
| Foundry Networks | $3B | - | 1 |
| Luminar | $2.9B | $709.75M | 11 |
| Rappi | $16B | $2.34B | 19 |
| Zynga | $102B | $2.32B | 11 |
| AlphaSense | $2B | $1.42B | 12 |
| Anaplan | $1.4B | $299.90M | 9 |
| Intercom | $13B | $240.75M | 7 |
| TravelPerk | $4B | $664.14M | 12 |
| Zoom Video Communications | $9.2B | $276.00M | 9 |
| Rubrik | $6.6B | $554.30M | 12 |
| Knock | $4B | - | - |
| Cresta | $6B | $276.00M | 5 |
| Armis | $3B | $737.00M | 7 |
| Leslie | $3B | - | 1 |
| MarkForged | $2.1B | $346.80M | 7 |
| Workato | $6B | $415.00M | 5 |
| Degreed | $4B | $462.74M | 16 |
| Looker | $5B | $280.50M | 7 |
| People.ai | $4B | $200.00M | 9 |
| Quantenna Communications | $0.5B | $186.13M | 12 |
| Braze | $6B | $175.10M | 9 |
| Freshworks | $10B | $484.00M | 9 |
| GitLab | $11B | $413.50M | 7 |
| Duolingo | $7B | $183.30M | 8 |
| Loom | $11B | $203.55M | 8 |
| Zuora | $1.4B | $647.50M | 11 |
| InTouch Health | $1B | $49.20M | 6 |
| InvenSense | $0.6B | $38.00M | 3 |
| Airtable | $282B | $1.35B | 10 |
| Instructure | $2.8B | $89.10M | 6 |
| Fundbox | $8B | $553.50M | 9 |
| View (Building Products) | $1.6B | $2.57B | 20 |
| Nimble Storage | $1.5B | $98.75M | 5 |
| Vast | $4B | $381.00M | 7 |
| ID.me | $14B | $407.25M | 22 |
| Figma | $180B | $748.62M | 8 |
| Dynatrace | $4.4B | $21.90M | 4 |
| Handshake | $4B | $700.00K | 1 |
| Snap Group | $31B | $3.26M | 1 |
| Rubicon | $10B | $501.70M | 12 |
| Segment | $12B | $283.93M | 10 |
| Modern Health | $4B | $167.40M | 6 |
| Mercury | $37B | $152.21M | 7 |
| Cribl | $2B | $721.21M | 7 |
| Chainalysis | $9B | $536.62M | 13 |
| Branch | $24B | $667.05M | 10 |
| Benchling | $37B | $411.90M | 9 |
| Pure Storage | $3.1B | $529.26M | 8 |
| Automile | $4B | $47.31M | 4 |
| Back | $15B | $3.30M | 2 |
| Sourcefire | $2B | $40.50M | 5 |
| Density | $11B | $217.20M | 9 |
| Nowports | $2B | $242.60M | 8 |
| SingleStore | $11B | $464.10M | 11 |
| FiscalNote | $1.3B | $637.33M | 23 |
| Bowery | $9B | $1.65M | 4 |
| Zocdoc | $14B | $375.94M | 10 |
| Takko | $2B | - | 3 |
| Auth0 | $6B | $332.28M | 10 |
| SumUp | $16B | $4.02B | 17 |
| Roblox | $14B | $874.45M | 13 |
| CircleCI | $10B | $315.00M | 9 |
| Addepar | $11B | $531.36M | 7 |
| AgentSync | $5B | $161.10M | 5 |
| Cabify | $12B | $600.55M | 13 |
| Teads | $5B | $123.28M | 10 |
| Proofpoint | $0.4B | $885.50M | 7 |
| Coda Payments | $3B | $715.25M | 8 |
| SnapLogic | $5B | $371.30M | 10 |
| Signifyd | $4B | $409.00M | 7 |
| Spendesk | $3B | $311.85M | 6 |
| Notion Labs | $60B | - | - |
| Pilot.com | $1B | $172.10M | 6 |
| DocuSign | $4.5B | $536.20M | 20 |
| Lucid Software | $12B | $670.36M | 8 |
| BloomReach | $2B | $452.00M | 7 |
| DataStax | $5B | $342.57M | 10 |
| Snyk | $15B | $1.20B | 13 |
| Newfold Digital | $2B | - | 1 |
| PagerDuty | $1.8B | $523.60M | 8 |
| Rovio Entertainment | $1B | $76.11M | 3 |
| SAP Concur | $0.2B | $291.75M | 2 |
| OpenAI | $20B | $21.90B | 10 |
| Iterable | $2B | $342.20M | 7 |
| Glovo | $3B | $1.16B | 11 |
| Cornershop | $3B | $31.65M | 5 |
| Dataminr | $41B | $1.05B | 14 |
| Alto Pharmacy | $3B | $680.03M | 11 |
| Mirakl | $7B | $6.41M | 5 |
| LaunchDarkly | $6B | $330.30M | 8 |
| Hubspot | $0.8B | $100.50M | 6 |
| Bellabeat | $8B | $18.82M | 7 |
| Lyft | $24B | $5.31B | 29 |
| NoBroker | $1B | $430.86M | 13 |
| Workhuman | $1B | $131.48M | 4 |
| Yelp | $0.9B | $56.00M | 6 |
| TelecityGroup | $4B | - | - |
| Storable | $6B | $10.00M | 1 |
| $12.7B | $1.49B | 26 | |
| MySQL | $1B | $39.80M | 3 |
| Nuvemshop | $6B | $628.38M | 11 |
| MindTickle | $1B | $281.30M | 7 |
| Moveworks | $4B | $305.00M | 3 |
| GrubMarket | $20B | $499.10M | 8 |
| Ginger | $15B | $222.42M | 11 |
| Flywire | $8B | $583.30M | 10 |
| Depop | $2B | $105.63M | 7 |
| Chipper Cash | $2B | $337.20M | 7 |
| AppLovin | $7B | $5.12B | 12 |
| Outreach | $22B | $489.02M | 13 |
| Skype | $34B | $76.81M | 5 |
| Trulia | $0.4B | $255.10M | 6 |
| Splashtop | $3B | $114.00M | 5 |
| Stack | $2B | $5.04M | 5 |
| SendBird | $4B | $220.72M | 9 |
| PayPal Holdings | $46.6B | $5.22B | 6 |
| Salesforce | $1.1B | $65.38M | 7 |
| $23.1B | $26.10M | 3 | |
| Clio | $3B | $1.29B | 6 |
| BazaarVoice | $0.7B | $130.55M | 5 |
| Transfix | $4B | $169.00M | 9 |
| Tipalti | $25B | $715.00M | 10 |
| Cloudflare | $4.4B | $332.20M | 7 |
| Box | $1.7B | $1.46B | 15 |
| Fastly | $1.5B | $369.00M | 8 |
| Hinge | $43B | $20.60M | 4 |
| Kong | $7B | $344.10M | 7 |
| Mark43 | $8B | $268.82M | 8 |
| Datadog | $7.8B | $1.02B | 9 |
| Noom | $15B | $658.92M | 10 |
| Dropbox | $9.2B | $1.71B | 13 |
| Contentful | $6B | $349.60M | 9 |
| Turing | $11B | - | 2 |
| MURAL | $4B | $192.28M | 6 |
| Duo Security | $2B | $121.50M | 7 |
| The Zebra | $2B | $2.50B | 3 |
| Apto | $2B | - | - |
| ShipBob | $6B | $330.50M | 7 |
| Expensify | $2.2B | $138.20M | 9 |
| Jawbone | $9B | $983.80M | 15 |
| InVision | $4B | $356.20M | 10 |
| Relativity | $37B | $125.00M | 2 |
| JumpCloud | $5B | $416.82M | 12 |
| Yammer | $15B | $142.00M | 6 |
| iSpot.tv | $2B | $382.80M | 5 |
| PayFit | $6B | $495.75M | 7 |
| Slice | $1B | $125.00M | 6 |
Growth Trends & Market Impact
Evernote may be growing as it is implementing strategies to convert more free users to paid plans by introducing new limitations on the free tier. The company has recently limited free users to a single notebook with a maximum of 50 notes, which could potentially increase the conversion rate to paid subscriptions. This change, initially tested and then rolled out to all free users, indicates a focus on monetization and could positively impact revenue if more users opt for paid plans due to the new restrictions.
Investment history
| Round number | date | Post-round evaluation | investors |
|---|---|---|---|
| №1 | 09.11.2014 | $20.00 million dollars |
Kortschak Investments L.P. Nikkei |
| №2 | 01.12.2013 | $20.00 million dollars | |
| №3 | 01.12.2012 | $20.00 million dollars | |
| №4 | 30.11.2012 | $85.00 million dollars |
m8 Capital |
| №5 | 03.05.2012 | $70.00 million dollars |
CBC Capital Meritech Capital Partners |
| №6 | 13.07.2011 | $50.00 million dollars |
Sequoia Capital |
| №7 | 19.10.2010 | $20.00 million dollars |
Sequoia Capital |
| №8 | 15.11.2009 | $10.00 million dollars |
Morgenthaler Ventures Sequoia Capital |
| №9 | 09.09.2009 | $26.00 million dollars |
DoCoMo Capital |
| №10 | 29.12.2008 | $26.00 million dollars |