ChaCha Raises $14 Million Led By VantagePoint and Rho Ventures
ChaCha is a service where you can get human-powered answers to any questions by calling or texting ChaCha at 242-242. The company has raised $14 million in funding led by VantagePoint Capital Partners and Rho Ventures.
Based in Indiana, ChaCha competes against services like Yahoo! Answers. ChaCha said that they have answered over 2 billion questions thus far and claims to be in the top 50 websites and top 5 mobile websites.
“This round of funding enables significant investment in new products, allowing ChaCha to expand its mobile and online experiences for both users and advertisers,” stated ChaCha CEO Scott Jones.
ChaCha plans to expand to new offices in Los Angeles and their monthly visits have doubled to 68 million in the past year. The company also expanded to the U.K. in September 2011.