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Evernote Raises $20 Million From Sequoia Capital

Published on October 19, 2010
by Beth Callaghan

Evernote, the cloud-based platform for note-taking, has raised $20 million in a series C round of funding led by Sequoia Capital. The company’s success makes it the go-to example of the “freemium” business model–its premium product recently started paying for its current day-to-day operations, and there’s still $9 million left over from its B round. CEO Phil Libin aims to use the new infusion of cash to expand into more countries and into corporate and educational markets.

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URL: http://allthingsd.com/20101019/evernote-raises-20-million-from-sequoia-capital/