Fundraising Fox

Evernote

Acquired

19 known investors

evernote.com

Evernote is a note-taking and productivity platform that helps individuals and teams capture, organize, and access information across devices. The service includes AI-powered features for transcription and search, task management, and collaborative editing for personal and professional use.

Also known as Evernote Corporation · Yinxiang Biji · 印象笔记

AI & Machine LearningSaaS

Investors · 19

Also in the syndicate · 8

Cox EnterprisesDoCoMo CapitalMorgenthaler VenturesNB RenaissanceNUO CapitalStarTIPTamburi Investment PartnersTroika Dialog

Company profile

researched Aug 2026

Evernote is a note-taking and task-management application developed by Evernote Corporation and, since its 2022 acquisition, by Bending Spoons. Users create textual notes that can embed photos, audio recordings and saved web content; notes are stored in virtual "notebooks" that can be arranged hierarchically, tagged, annotated, edited, searched and exported. The service supports image capture from device cameras, voice notes, optical character recognition of text appearing in captured images, handwriting recognition on touch and tablet screens, note entry by email, and automatic geolocation tagging where supported hardware is available. Notes sync automatically with a master copy on Evernote's servers, allowing access and editing across machines and operating systems, with offline changes saved as drafts until a connection is re-established.

The current product is positioned around capture, organization, recall, and sharing. Marketed features include templates, notebooks and spaces, search, tasks with dates and reminders, an Evernote Calendar with external Google and Microsoft calendar connections, a browser Web Clipper, real-time collaborative editing with comments and task assignment, and a set of AI features. Version 11 of the product is described as introducing new AI capabilities; the plan comparison page lists an AI Assistant chat, semantic search, AI Transcribe for meeting recording, summaries and transcripts, AI Edit for writing, summarizing, tidying and translating, mobile-only AI Cleanup, and MCP connectivity so notes can be used from Claude, ChatGPT and other MCP-compatible tools. Integrations cover Google (Gmail, Drive, Calendar), Microsoft Outlook email and calendar, and Slack.

Clients are available for Android, iOS, macOS, Microsoft Windows and the web, plus portable versions for flash drives and U3 drives. There are no officially supported native BSD or Linux clients, though the company provides an API used by external Linux clients, and feature support varies by platform. Companion apps have included Scannable for iOS document scanning and Skitch, a screenshot annotation and sharing tool acquired from Plasq in 2011, discontinued on Windows, Windows Touch, iOS and Android in January 2016 but continued on Mac.

Founding story

Evernote was founded in 2007 by Russian entrepreneur Stepan Pachikov. Phil Libin is described as co-founder and CEO of Evernote, under whose leadership the company grew from marketing software into a billion-dollar startup that raised nearly $300 million; Libin later founded the product studio All Turtles and the video-call app mmhmm, and served as Managing Director of General Catalyst.

Business model

Freemium software-as-a-service. A free tier is offered alongside paid subscription plans, with free trials of paid plans generally lasting seven days and a 14-day free trial for the Enterprise plan. Subscriptions are billed monthly or yearly by credit card or PayPal, or through iTunes and Google Play when purchased in-app, and eligible college students can receive 40% off a one-year Starter subscription.

Subscription tiers differentiated by usage limits and features. As presented on the plan comparison page, Free allows 50 notes, 1 notebook, 5 spaces, 20 tags, sync to 1 device, 1GB storage, 1 external calendar and 200 attachments; Starter allows 1,000 notes, 20 notebooks, 10 spaces, 100 tags, 3 devices, 5GB storage, 5 external calendars and 1,000 attachments; Advanced offers unlimited notes, notebooks, spaces, tags, device sync, storage and attachments subject to safeguard limits; and Enterprise is custom, adding business data ownership, centralized account administration and user management, user activity logs, single sign-on, a dedicated customer success manager and priority support. Wikipedia's February 2025 description references Personal, Professional and Teams paid tiers with a 20 GB monthly upload limit on Professional and enterprise services on request.

Traction

Evernote's site reports 248 million registered users, 5 billion notes created and 2 million notes created daily, along with review ratings of 4.4 from more than 2,100 G2 reviews, more than 8,200 Capterra reviews and more than 73,000 App Store reviews. Historically, figures released in December 2011 put the user base at 20 million across Mac, Windows, iOS, Android, web browsers, BlackBerry and Windows Phone 7, with reports at the time of roughly 40,000 new users per day and a more than doubling of the user base year over year.

Latest developments

Evernote v11 has been released with new AI features, including an AI assistant, semantic search, AI transcription of meetings, AI editing and translation, mobile AI cleanup, and the ability to connect notes to Claude, ChatGPT and other MCP-compatible AI tools. The plan lineup on the website is Free, Starter, Advanced and Enterprise.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

A long-established note-taking service that gained popularity for synchronizing notes across multiple devices and platforms. Contemporary reporting from 2012 described rapid consumer growth, and Evernote was named company of the year by Inc Magazine. The company operated a separate China service, Yinxiang Biji, launched in 2012, which became a fully autonomous company in June 2018.

Cross-platform capture in multiple formats (typed notes, images with OCR, audio, handwriting, emailed content and clipped web pages) unified in a searchable, tagged notebook structure that syncs automatically across devices, with offline access. More recent differentiation is positioned around integrated tasks and calendar alongside notes, and AI features including semantic search, transcription and MCP-based access to notes from third-party AI assistants.

Technology

Cloud-synchronized note storage with a master copy on Evernote servers and clients across Windows, macOS, Android, iOS and web. Supporting technologies include optical character recognition of text in captured images, handwriting recognition, geolocation tagging, email-to-note ingestion, browser-based web clipping, two-factor authentication and in-note encryption on Mac and Windows. AI capabilities include an assistant chat, semantic search over note content, meeting recording with transcription and summarization, generative note editing and translation, and Model Context Protocol connectivity for external AI tools.

Go-to-market

Self-serve acquisition through a free plan and free trials, with downloads distributed via the company website, the Apple App Store, Google Play, and browser extension stores for Chrome, Firefox and Safari. Upgrades are handled in-product through account settings, while Enterprise adoption runs through a sales contact and a trial page. The company publishes use-case and SEO-oriented educational content targeting specific professional segments.

Individual consumers using the product for personal organization, as well as teams and businesses. Evernote Business was launched in 2012 for teams to share notes and collaborate within an organization, and current plans include collaboration and Enterprise administration features. Evernote's own content also markets the product to startup founders and other professional roles.

Geography

Reporting in 2012 associates the company with San Francisco. Evernote launched a China-based service, Yinxiang Biji, in 2012, which transitioned into a fully autonomous company in June 2018. Since November 2022 the product has been owned by Italian company Bending Spoons. Clients are distributed globally through app stores and the web, and the site is offered in multiple languages.

History

Founded in 2007, the company released the first public version of the Evernote web application on June 24, 2008. In October 2010 it raised $20 million led by Sequoia Capital with DoCoMo Capital, Troika Dialog and Morgenthaler Ventures. It acquired the screenshot tool Skitch from Plasq in August 2011. By April 2012 CrunchBase data cited by press showed $95.5 million raised through a $50 million Series D in July 2011, and Evernote was reported to be raising a $50-100 million Series E at a valuation above $1 billion, with Meritech Capital Partners believed to be leading. Also in 2012 the company launched Evernote Business and the China-based Yinxiang Biji service, the latter becoming autonomous in June 2018. Skitch was discontinued on several platforms in January 2016. Evernote was acquired by Bending Spoons in November 2022.

Risks & controversies

The 2012 report of a Series E round noted the deal was unsigned and unapproved by the board at the time, with terms subject to change; the sources provided do not confirm the round's completion. Wikipedia's article notes stable client releases dated to March 2022 and flags sections as incomplete or reliant on primary sources, and the plan comparison page notes that "unlimited" allowances are subject to safeguard limits applied to prevent abuse.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
App Store ratingJan 20264.4 out of 5 (73,000+ reviews)
Capterra ratingJan 20264.4 out of 5 (8,200+ reviews)
New users per dayApr 201240,000 users/day
Notes created (cumulative)Jan 20265,000,000,000 notes
Notes created dailyJan 20262,000,000 notes/day
Registered usersJan 2026248,000,000 users
Reported valuation (Series E discussions)Apr 2012$1 billion+
Total funding raised (CrunchBase, cited)Apr 2012$95.5M
Total funding raised under Phil LibinApr 2024nearly $300 million
UsersDec 201120,000,000 users

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

6 people who came through Evernote went on to found or lead other companies.

Competitors · 6

by search overlap
Canva11763 shared keywordsDesign platform; Blackbird invested when it was just an idea and in every round since.
Quillbot8205 shared keywordsQuillBot provides an AI-powered workspace with tools for writing, paraphrasing, design, and visual generation, letting users brainstorm, research, and produce documents and presentations. It serves writers, students, educators, and professionals for tasks such as content creation, resumes, briefs, and reports.
Grammarly5888 shared keywordsGrammarly is an AI-powered writing assistant that helps users write with clarity and confidence across over 1 million apps and websites. The platform serves professionals, students, and teams through free and premium versions, and uses natural language processing to refine tone, suggest rewrites, and improve communication effectiveness.
Zapier5200 shared keywordsZapier provides a platform for connecting AI models and agents to workflows and business applications, enabling teams to automate tasks across over 9,000 apps without coding. The platform serves enterprises, operations teams, and businesses of all sizes looking to deploy AI-driven automation for lead capture, customer support, employee onboarding, and other business processes.
ElevenLabs4902 shared keywordsElevenLabs is an AI research and product company that builds voice generation and audio processing platforms for creating human-like voice interactions with technology. The company serves individuals with accessibility needs, nonprofits, and general users across healthcare, education, and culture.
Speechify3900 shared keywordsSpeechify is a text-to-speech application that converts written content—including textbooks, PDFs, emails, and web pages—into audio for users to listen to. The platform serves students and professionals with reading difficulties, particularly those with dyslexia and ADHD, enabling them to access educational and professional materials through audio.

Companies competing with Evernote for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 9

launches, deals, and filings
Jan 2026
Evernote v11 introduces new AI features

Version 11 adds AI capabilities including an AI assistant, semantic search, AI transcription, AI editing and MCP connectivity.

source ↗

Nov 2022
Evernote acquired by Bending Spoons

Italian technology company Bending Spoons acquired Evernote and is listed as the product's developer.

source ↗

Jun 2018
Yinxiang Biji becomes a fully autonomous company

source ↗

Jan 2016
Skitch discontinued for Windows, Windows Touch, iOS and Android

Evernote discontinued Skitch on those platforms while continuing to offer Skitch for Mac.

source ↗

Jan 2012
Named company of the year by Inc Magazine

source ↗

Jan 2012
China service launched as Yinxiang Biji

Evernote launched its China-based service under the name Yinxiang Biji (印象笔记).

source ↗

Jan 2012
Evernote Business launched

A version of the service for teams enabling note sharing and collaboration within an organization.

source ↗

Aug 2011
Evernote acquires Skitch from Plasq

Skitch, a screenshot editing and sharing utility originally developed by Plasq, was acquired by Evernote.

source ↗

Jun 2008
First public version of the Evernote web application released

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Evernote do?
Note-taking and task-management app, founded 2007 and acquired by Bending Spoons in 2022, now marketed as a "second brain."
Who are Evernote's investors?
Evernote's investors include Canvas Ventures, Coatue Management, Eastlink Capital Partners, Felicis Ventures, Glynn Capital Management, New Enterprise Associates (NEA), NewView Capital, Open Field Capital and 3 more.