One of the deans of venture capital, Morgenthaler Ventures has led a $10 million Series B round for electronic note application service Evernote, the company announced. Previous investors Troika Dialog and DOCOMO Capital, which invested a total of $6.5 million in Series A, also participated in the round. The investment will be used to expand the service into more platforms and localize it into multiple languages.
Founded in 2006, Evernote has 2 million users. The service, which is available in English and Russian, works online and on mobile devices BlackBerry, iPhone, Windows Mobile and Palm Pre as well as on Windows and Mac computers.
Evernote utilizes a “freemium” business model. The basic service is free but offers a limited amount of online storage space. For a small monthly fee, users get more storage, increased security and can share notes.