Total amount raised
$1.7 Billion
Latest funding date
4/1/2017
Location
Quora has successfully raised a significant amount of funding over five rounds, with notable investors such as Andreessen Horowitz and Collaborative Fund backing the platform. The question-and-answer site has also expanded its reach by acquiring companies like Parlio.
Keep reading to explore the intricacies of Quora's fundraising journey and the investors supporting this knowledge-sharing platform.
What Is Quora?
Quora, a private company based in Mountain View, California, operates in various industries including Copywriting, Information Services, Internet, Product Design, and Q&A. The platform allows users to ask and answer questions on a wide range of topics.
Founded by Adam D'Angelo and Charlie Cheever, Quora has grown to employ between 251-500 people. The company has successfully raised funding over five rounds, with notable investors such as Andreessen Horowitz and Collaborative Fund.
How Much Funding Has Quora Raised?
- Series A
- Amount Raised: USD 11,000,000
- Date: March 2010
- Lead Investors: Benchmark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and accelerate initial growth.
- Series B
- Amount Raised: USD 50,000,000
- Date: May 2012
- Lead Investors: Adam D’Angelo, Peter Thiel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and user base.
- Series C
- Amount Raised: USD 80,000,000
- Date: April 2014
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's features.
- Series D
- Amount Raised: USD 85,000,000
- Date: April 2017
- Lead Investors: Collaborative Fund, Y Combinator
- Valuation at Round: USD 1,800,000,000
- Motivation Behind the Round: To support further growth and development of new features.
- Series Unknown
- Amount Raised: USD 75,000,000
- Date: January 2024
- Lead Investors: Andreessen Horowitz
- Valuation at Round: USD 500,000,000
- Motivation Behind the Round: To expand Poe, Quora's AI chatbot platform, and support the creator monetization program.
Quora has raised a total of USD 301,000,000 with a current valuation of USD 500,000,000.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a prominent venture capital firm based in Silicon Valley. It was co-founded by Marc Andreessen and Ben Horowitz.
- Investment Focus Areas: Technology, Artificial Intelligence, Cryptocurrency, Blockchain, FinTech
- Notable Investments: Facebook, Twitter, Airbnb
- Collaborative Fund
- Details: Collaborative Fund is a venture capital firm that focuses on supporting creative entrepreneurs. The firm is known for its investments in companies that aim to have a positive social impact.
- Investment Focus Areas: Consumer, Education, Health, Sustainability
- Notable Investments: Lyft, Kickstarter, Beyond Meat
- Y Combinator
- Details: Y Combinator is a startup accelerator that has funded over 2,000 startups. It was founded in March 2005 by Paul Graham, Jessica Livingston, Trevor Blackwell, and Robert Tappan Morris.
- Investment Focus Areas: Technology, Software, Internet
- Notable Investments: Dropbox, Airbnb, Stripe
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. It was founded in 2001 by Chase Coleman.
- Investment Focus Areas: Internet, Software, Consumer, FinTech
- Notable Investments: Facebook, LinkedIn, Spotify
- Benchmark
- Details: Benchmark is a venture capital firm that provides seed money to startups. It was founded in 1995 and is known for its early-stage investments in technology companies.
- Investment Focus Areas: Technology, Software, Internet
- Notable Investments: eBay, Twitter, Uber
What's Next for Quora?
Quora's future looks promising with the expansion of its AI chatbot platform, Poe. The recent $75 million funding from Andreessen Horowitz will be pivotal in enhancing Poe's capabilities and supporting the creator monetization program. This initiative allows developers to earn by creating and integrating AI bots, tapping into the growing creator economy.
As Poe continues to grow, Quora may attract further investments to scale its operations and introduce new features. The platform's significant user base and high engagement metrics make it an attractive prospect for future fundraising. However, Quora will need to navigate challenges such as market competition and maintaining user engagement to sustain its growth trajectory.
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