Friday, November 30, 2012
Evernote Gets $85M To Cash Out Investors
Mountain View-based Evernote, which operates software that lets users keep notes both online and offline, said it has raised $85M in a new funding round. The round was led by AGC Equity Partners/m8 Capital and also included Valiant Capital Partners and T.Rowe Price Associates. The firm said that seventy five percent of the money is a secondary investment, where the firm's existing investors and shareholders are selling shares. It's unclear what kind of return those existing investors are getting, however, those investors include CBC Capital, DoCoMo Capital, Meritech Capital, Morgenthaler Ventures, Sequoia Capital, and Troika Dialog. The firm said the new funding vies early shareholders an opportunity to sell some of their holdings, to help separate liquidity from exit.