Evernote Raising $50 Million To $100 Million At A $1 Billion+ Valuation

Cloud note and storage app Evernote is raising a massive fifth round of funding of between $50 to $100 million at a valuation that tops $1 billion, according to our sources. Contrary to what Business Insider?is reporting, the final details of which investors will participate are still being finalized but there's strong interest in the Valley and beyond. Investor Meritech is believed to be in the lead, the round is expected to go through, and it could all close in the next couple of weeks. There's a small chance the round could be scrapped or that the numbers could be different, though.

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