Evernote, a California-headquatered company founded by a Russian-American team in 2007, has completed a $100 million round at a $1 billion valuation, Business Insider reported last Thursday from “multiple sources.”
The round was led by Meritech Capital Partners.
Prior to this, Evernote had raised $95.5 million; including $50 million last summer in a round led by Sequoia Capital.
Earlier this year, Russian venture capital firm Troika Ventures, the first institutional investor in Evernote, decided to sell its stake in Evernote.
Evernote offers a range of computer, phone, and web-based tools “to remember things big and small from your notable life.”
Evernote has grown to over 11 million users in just three years. The company also claims a worldwide developer community of over five thousand developers who are creating Evernote-integrated applications, services, and devices.
