Evernote

Evernote

Digital workspace for notes and tasks

About Evernote

Simplify's Rating
Why Evernote is rated
C+
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Consumer Software

Company Size

201-500

Company Stage

Series E

Total Funding

$199.4M

Headquarters

Redwood City, California

Founded

2008

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.

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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

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

$100M
$20M
Evernote
$245M
Stripe
$250M
Reddit
$1250M
Epic Games
$1500M
Airbnb

Company News

Dallison Lee
Dec 14th, 2024
7 Time-Saving Evernote Features to Boost Your Productivity

Evernote has been hard at work introducing new features that save time and make staying organized even simpler.

DemandTalk
Nov 26th, 2024
Bending Spoons Acquires Brightcove in an All-cash Deal for USD 233M

After its acquisition, Evernote moved all 400 employees to Europe and laid off 129 of them.

XDA Developers
Oct 27th, 2024
7 reasons to use Evernote over OneNote on Windows

Evernote has recently introduced a two-way sync with Gmail, allowing you to edit and manage your events within the app, with changes reflected on the web and other applications as well.

Latestly
Sep 9th, 2024
Bending Spoons Layoffs: Italy-Based App Developer Company To Lay Off 75% of WeTransfer Employees Post Deal; Check Details

In February 2023, around 129 employees were laid off from Evernote after it was acquired.

The Times of India
Nov 28th, 2023
Evernote is testing note limits for free users

Evernote has faced challenges in recent years and was acquired by Bending Spoons after struggling to compete with rivals like Notion.

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