Online Q&A platform Quora raises $80M led by Tiger Global
California-headquartered Quora Inc, the company behind the question-and-answer platform Quora.com, has secured $80 million, led by hedge fund cum early stage tech investor Tiger Global Management. Existing investor and PayPal co-founder Peter Thiel, early-stage VC firm Benchmark and Matrix Partners also participated in this round.
The capital will be used to expand the platform to multiple languages and ensure that it retains its independence.
Quora was founded in 2009 by former Facebook executives Adam D'Angelo and Charlie Cheever. The platform aggregates questions and answers on various topics. Users can ask question and get real answers from people with first-hand experience, and blog about what they know. Users can also edit questions and suggest edits to the answers posted by other users.
The firm launched full text search of questions and answers on its website in March 2013. In November, it introduced a feature called Stats which allows users to see summary and detailed statistics such as how many people have viewed their posts, upvoted, followed and shared.
In September 2012, co-founder Charlie Cheever had stepped down from the day-to-day activities. A few months before this development, Quora had raised $50 million from a group of investors, including Peter Thiel and Josh Hannah of Matrix Partners.
Quora has an active user base in India.