Formspring Raises $10 Million In Funding, Giving Them A $45 Million Valuation
Formspring is a popular Q&A website that has raised $10 million in Series B funding. This round of funding, led by Redpoint Ventures, gives Formspring about a $45 million valuation.
Formspring had raised $2.5 million in Series A earlier this spring season. The investors in that round include Chris Sacca, Dave Morin, and Kevin Rose. Formspring hit 1 billion questions answered earlier two months ago through their 18 million users. About 5 million questions are being answer per day (about 9,000 per minute during peak times).
[Mashable]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry