Overview

Evernote provides a digital workspace platform that helps users organize their notes, tasks, and schedules. It caters to a wide range of clients, including students, professionals, and businesses, by offering tools that improve productivity and focus. The platform operates on a freemium model, allowing users to access basic features for free while offering premium subscriptions for advanced functionalities. These premium features include increased storage, enhanced collaboration tools, and better integration with other applications. Evernote's main functions include note-taking, task management, and calendar integration, making it a comprehensive tool for managing both daily tasks and long-term projects.

Simplify's Take

What believers are saying

• Remote work trends boost demand for Evernote's digital workspace solutions.
• AI-driven tools can enhance Evernote's productivity features and user experience.
• Subscription model popularity supports Evernote's freemium approach, increasing premium conversions.

What critics are saying

• Competition from Notion threatens Evernote's market share and user base.
• Layoffs post-acquisition may lead to instability and reduced innovation.
• Testing note limits for free users risks alienating Evernote's user base.

What makes Evernote unique

• Evernote offers a comprehensive digital workspace for notes, tasks, and schedules.
• The platform integrates with popular tools like Gmail for seamless productivity.
• Evernote's freemium model attracts a wide range of users with scalable features.

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Funding

Total Funding

$199.4M

Below

Industry Average

Funded Over

8 Rounds

$20,000,000

Series E

Nov 2014

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.

Series E Funding Comparison

Below Average

Industry standards

Ind Avg. $100M

$20M

$30M

$245M

$250M

$1250M

$1500M

View all funding stages