ChaCha Closes $7M Funding Round

On December 22, ChaCha closed a $7M E round of funding

January 4, 2010

1 Min Read

INDIANAPOLIS -- On December 22, ChaCha closed a$7 million E round of funding. ChaCha, the answers service, allows users to go online, call or text questions on mobile phones and receive answers within minutes for free by texting 242-242, visiting m.chacha.com, downloading ChaCha’s iPhone app, or calling 1-800-2-ChaCha. Users may also ask questions via @chacha on Twitter."We believe this latest round provides ChaCha the cash required to reach profitability," says Scott A. Jones, CEO of ChaCha.

In the past 4 years (since inception), ChaCha has raised approximately $52 million from prominent tech leaders, venture capitalists, and angels, including Jeff Bezos, Morton Meyerson (leader of EDS and Perot Systems), Rod Canion (the creator of the portable computer industry), Jack Gill (co-founder of Vanguard Ventures), Don Aquilano,(MP of Gazelle TechVentures), members of the Simon Mall family, and others.

ChaCha's text service recently passed Google in mobile text traffic in Q3 2009, according to Nielsen Mobile. When ChaCha's mobile service launched in January 2008, Google SMS had nearly 100% of the mobile text search market, but ChaCha now has more text traffic, which is coming from users predominantly under the age of 25.

ChaCha Search Inc.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like