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Tuesday, 21 October 2014

Facebook board member leads $50m investment in Quora

US— Quora, the question and answer service, has raised $50m in a funding round led by Facebook board member Peter Thiel, reports the Wall Street Journal.

Through its website and mobile app, Quora allows users to ask questions of each other, but while similar apps like Wayin and Thumb (formerly Opinionaided) are aimed more at the consumer end of the market, Quora has positioned itself as a place for professionals to share expert knowledge.

Quora was founded in 2010 by former Facebook employees Adam D’Angelo and Charlie Cheever (pictured). In its first funding round it raised $11m, valuing the company at $86m. This most recent Series B round values the business at $400m.

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Readers' comments (1)

  • I'm betting that they have little to no revenues and yet they are valued at $400m? Hmmm.

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