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  • With 2B Questions Answered, Q&A Vet ChaCha Gets Another $14M To Be The Quora For The Common Man [Video]

    With 2B Questions Answered, Q&A Vet ChaCha Gets Another $14M To Be The Quora For The Common Man [Video]

  • Q&A Site ChaCha Cancels UK Business After Poor User Take-Up [Updated]

    Q&A Site ChaCha Cancels UK Business After Poor User Take-Up [Updated]

  • ChaCha Sues HTC Over HTC ChaCha

    ChaCha Sues HTC Over HTC ChaCha

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Qualcomm Invests $3 Million In Q&A Service ChaCha

Posted Jan 19, 2011 by Leena Rao (@leenarao)
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Eventbrite Sold Over 11M Tickets Last Year For $207M In Gross Sales

Question and answer service ChaCha has just received a $3 million infusion from Qualcomm’s venture arm Qualcomm Venture Partners. This brings the company’s total funding to a whopping $75 million.

In a statement, Scott Jones, ChaCha’s CEO says that Qualcomm’s “experience and insight into the global wireless ecosystem will help ChaCha continue to expand its service worldwide.” ChaCha has been a roll over the past year, achieving profitability, raising boatloads of money, and reaching record traffic numbers for its Q&A product.

The company has nearly 32 million unique inquisitive users monthly and answers over 3 million questions daily. In December, ChaCha hit a record of nearly one million unique visitors to ChaCha.com in a single day and hit another record of two million mobile SMS text questions in one day.

ChaCha’s success have proven that flexibility in a company’s business model can end up paying off on the long run. Launched in 2007, ChaCha started as a human powered search engine but encountered the high cost of hiring humans to basically do Google searches and return results to people. The company then evolved into a basic Q&A site, focusing on both mobile and web platforms.

And the company has steadily been adding new features to its platform, including a Facebook integration, business listings and ChaCha.me.

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    CrunchBase

    • ChaCha

      • Founded 2005
      •    
      • Overview ChaCha is the leading, free real-time answers service that has emerged as the #1 way for advertisers and marketers to reach and engage with the audience of their choice anytime, anywhere. Through its unique "ask-a-smart-friend" platform, ChaCha has answered over two billion questions since launch from more than 32 million unique users per month, and is ranked among comScore's top 100 …
      • Location San Francisco, California
      • Categories Search, Advertising
      • Founders Scott Jones
      • Website http://www.chacha.com
      • Full profile for ChaCha

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