Evernote secures $20 million in investment round

The note service is flush with cash, thanks to a new funding round led by Sequoia Capital.

Evernote has secured $20 million in a Series C round of financing, the company announced today.

Sequoia Capital led the funding round, according to Evernote--a service that enables people to create, edit, and synchronize data across multiple devices and platforms . Morgenthaler Ventures and DoCoMo Capital, which previously invested in Evernote, also participated in the round. In addition, Sequoia Capital partner Roelof Botha will join Evernote's board of directors.

Getting Sequoia Capital's support is no small achievement. The venture capital firm is one of the most successful in the tech world. The company has invested in Apple, Cisco Systems, Electronic Arts, Google, YouTube, and many other tech companies.

Evernote plans to use its new infusion of cash to invest in "rapid product development and expansion into new markets." Evernote has more than 4.7 million users worldwide.

About the author

Don Reisinger is a technology columnist who has covered everything from HDTVs to computers to Flowbee Haircut Systems. Besides his work with CNET, Don's work has been featured in a variety of other publications including PC World and a host of Ziff-Davis publications.

 

Join the discussion

Conversation powered by Livefyre

Show Comments Hide Comments
Latest Galleries from CNET
15 crazy old phones from a Korean museum (pictures)
10 gloriously geeky highlights from 2014 (pictures)
2015.5 Volvo XC60: updated tech, understated design
Busted! CNET readers show us their broken devices (pictures)
Take a closer look at the BlackBerry Classic (pictures)