Printed from http://www.electronista.com

Query website Quora gathers $50 million in funding

updated 02:30 am EDT, Tue May 15, 2012

$61 million total gathered in two rounds

Peter Thiel and his Northbridge Venture Partners fund have injected $50 million into Quora, the crowd-sourced question and answer website. During the initial funding the company was valued at $86 million. Now, Quora is valued at $400 million following this round of funding. No financial plan for growth has been publicly announced for the second round of funding.

No announcement has been made as far as the company going public, but Quora, along with Airbnb and Dropbox have been named amongst the next generation of multi-billion dollar start-up companies by The New York Times. Including this round of funding, Quora has generated $61 million in venture capital, with an initial $11 million investment by Benchmark Capital.

Former Facebook employee and co-founder Adam D'Angelo put $20 million of his own funds into the startup. Silicon Valley has seen a return to venture capitalism for Internet startups not seen since the late 90s. Instagram, which has yet to turn a profit, was purchased for $1 billion by Facebook, and both Amazon and Google are rumored to be in the market to acquire Pinterest. This round of venture capitalism for Quora infuses a great deal of liquid capital into a company that has very little in the way of expenses and an unclear reason for the $400 million current valuation.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News