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

• Growing demand for digital workspaces boosts Evernote's market potential.
• AI integration can enhance Evernote's note-taking and task management features.
• Subscription-based models align with Evernote's revenue strategy, increasing premium user conversion.

What critics are saying

• Increased competition from Notion threatens Evernote's market share.
• Recent layoffs and relocation may disrupt operations and affect morale.
• Testing note limits for free users could drive them to competitors.

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 basic and premium options.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$290M

Meets

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