$50 Million for Evernote

Evernote, the Mountain View, CA-based provider of a popular online notekeeping system, revealed today that it has raised $50 million in new funding. Sequoia Capital led the round, which was joined by Morgenthaler Ventures; both were previous backers of the company. Sequoia Partner Roelof Botha, formerly a board observer at Evernote, has assumed a full board seat. In a statement, Evernote CEO Phil Libin said the company isn’t satisified with its current base of 11 million users. “Even though we’ve built a profitable and successful business in the past three years, we still have a long way to go to achieve our goal of becoming everyone’s second brain,” Libin said. “Having this new investment, and Sequoia Capital as a full business partner, will allow us to improve and multiply our products in exciting ways.” The company also said it has hired Ken Gullicksen, formerly a partner at Morgenthaler, to lead its corporate development and acquisition strategy.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/