reMarkable designs and sells a $299 e-paper tablet and accompanying software focused on distraction-free reading, note-taking and drawing. Since launching in 2017 the company says it has sold 1 million devices and counts hundreds of thousands of active users. It reported $300 million in revenue and $31 million in operating profit in 2021, and employs more than 300 people. The company has released only two hardware models since being founded in 2013 and positions its devices as long-lived (customers need not replace them for at least 10 years). In October it launched Connect, a subscription service (tiers at $7.99 and $4.99/month) offering cloud storage, integrations with Dropbox/Google Drive/OneDrive, extended warranty, handwriting conversion, screen sharing and email export. reMarkable says Connect will become a substantial part of its future revenue mix, though it declined to disclose adoption numbers so far. The company is majority employee owned and has signaled openness to future fundraising to invest in growth. reMarkable offers a focused e-paper tablet designed for reading, writing and sketching rather than general-purpose notifications-driven use. The product launched via an independent pre-order crowdfunding campaign and has developed a strong, vocal community. The company has sold over 100,000 units, grossed more than $60 million in sales worldwide, and employs close to 100 people in its third year in market. Its product roadmap includes handwriting-to-text conversion (launched before Christmas) and other workflow-focused features, while the company highlights a low-latency writing experience developed with E Ink. reMarkable plans to use new capital to hire more employees, accelerate product development, better integrate the device into different workflows, and potentially expand beyond software. The team emphasizes refining the core experience rather than adding many unfocused features.

Total raised

$15M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2019