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Evernote Raised $70 Million And Is Now Worth $1 Billion

Sites include . Published on June 23rd, 2012. Written by Daniel Renfro.

Evernote is a company that is well known for its note taking and archiving applications that is allows for its users. This company is growing fast and it has recently announced that the company has raised over $70 million in funds and is now worth the grand total of $1 billion as a company.

Here is a quote from the CEO about this recent report:

“I am both proud and humbled (if you don’t think this combination is possible, try raising $70 million) that some of the world’s best late-stage investors have decided to help Evernote in our quest,” Wrote CEO Phil Libin in a blog post this morning. Other participants included funds and accounts managed by T. Rowe Price Associates, Inc., Harbor Pacific Capital, and Allen & Company.”

For those who are not familiar with just what exactly the Evernote company does, here is some more info about the services that they offer users:

“Evernote currently allows users to organize their documents, pictures, notes (typed, written, or recorded), and snippets from around the Web; and makes them searchable by keyword. At the end of April, its user base totaled more than 25 million registered users, with 1 million of them paying for premium features.”

The goal of the company is to build this site into a “100 year company”, according to Libin.

With the rate of their growth thus far, this will probably be accomplished as they continue to grow in the near future. This is the perfect company for those who want to get more organized with their personal info or as a business wanting to become more organized, efficient, and successful. As seen above, so many users were satisfied with the web site that 1 million of the 25 million users were paying for premium features as well. Check out the site to learn more!

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1 Responses »

  1. I guess you mean “70 million”, not “70 billion”… That would be very crazy!
    But also 70 million is not too bad… :)

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