Total amount raised
$1.7 Billion
Latest funding date
April, 2017
Location
Quora has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a unique space for users to ask and answer questions on a wide range of topics.
Keep reading to explore the intricacies of Quora's fundraising journey and the investors backing this innovative platform.
What Is Quora?
Quora, founded on June 1, 2009, in Mountain View, California, is a question-and-answer platform that allows users to ask and answer questions on a wide range of topics. The company was established by Adam D’Angelo and Charlie Cheever, both former Facebook employees.
Quora aims to create a community-driven knowledge-sharing environment where people from all over the world can come together to share and learn across millions of common interests. Users can post questions, provide answers, and engage in discussions on diverse topics, including science, technology, business, health, and entertainment.
As of now, Quora employs between 251 and 500 people, contributing to its mission of making knowledge accessible to everyone. The platform continues to grow, attracting users and experts from various fields to contribute their insights and experiences.
How Much Funding Has Quora Raised?
- Series A
- Amount Raised: $11M
- Date: March 2010
- Lead Investors: Benchmark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the platform and attract initial users.
- Series B
- Amount Raised: $50M
- Date: May 2012
- Lead Investors: Adam D’Angelo, Peter Thiel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance user engagement.
- Series C
- Amount Raised: $80M
- Date: April 2014
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's features and grow the user base.
- Series D
- Amount Raised: $85M
- Date: April 2017
- Lead Investors: Collaborative Fund, Y Combinator
- Valuation at Round: $1.8 billion
- Motivation Behind the Round: To further develop the platform and support international expansion.
- Venture Round
- Amount Raised: $75M
- Date: January 2024
- Lead Investors: Andreessen Horowitz
- Valuation at Round: $500 million
- Motivation Behind the Round: To grow Poe, Quora's AI chatbot platform, and support the creator economy.
Total Amount Raised: $301M. Current Valuation: $500 million.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a prominent venture capital firm co-founded by Marc Andreessen and Ben Horowitz. The firm is known for its investments in technology companies and has a significant focus on AI and other emerging technologies.
- Investment Focus Areas: AI, software, internet services, blockchain, fintech.
- Notable Investments: Facebook, Airbnb, Slack.
- Collaborative Fund
- Details: Collaborative Fund is a venture capital firm that focuses on supporting and investing in creative entrepreneurs. The firm aims to back companies that are pushing the world forward in various innovative ways.
- Investment Focus Areas: Creative entrepreneurs, technology, consumer products.
- Notable Investments: Kickstarter, Lyft, Reddit.
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding for startups. It has been instrumental in the early stages of many successful companies by offering mentorship and resources.
- Investment Focus Areas: Technology startups across various sectors.
- Notable Investments: Dropbox, Airbnb, Stripe.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. The firm is known for its aggressive investment strategy.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Benchmark
- Details: Benchmark is a venture capital firm that invests in early-stage startups. The firm has a reputation for backing some of the most successful technology companies in Silicon Valley.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: eBay, Twitter, Uber.
What's Next for Quora?
Quora's future looks promising with the expansion of Poe, its AI chatbot platform. The recent $75 million funding from Andreessen Horowitz will be pivotal in enhancing Poe's capabilities and supporting the creator economy. With over 400 million monthly unique visitors and 18.4 million installations, the platform is poised for significant growth.
As Poe continues to attract users and developers, Quora may explore additional funding rounds to sustain its momentum. However, the company faces challenges such as competition from other AI platforms and maintaining user engagement amidst market fluctuations. Despite these hurdles, Quora's strategic focus on AI and creator monetization positions it well for future success.
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