Evernote, the popular note-taking app (available on both iOS and Android) confirmed today in a blog posting that it it has raised a $70 million Series D round. According to TechCrunch, this would give the Evernote company a $1 billion valuation. The private financing was led by Meritech Capital and CBC Capital.
“We’ll use the money to ramp the speed of product improvements, expand internationally, and make future strategic acquisitions,” writes Phil Libin on the Evernote blog.
Just last July, Evernote raised $50 million and it has made four acquisitions over the past months including Skitch, Notable Meals (the basis for the Evernote Food app), Readable (which became Clearly) and a startup called Minds Momentum.
Clearly, Evernote is a success story and will be considering an IPO in its future. The company’s user base has tripled in the past year to reach 30 million users.
