ChaCha Raising $30 Million
ChaCha Search Inc., a Carmel, Ind.-based search startup, has secured around $11 million of a $30 million Series C round, according to a regulatory filing. No new shareholders are listed. The company had previously raised around $14 million from Morton Meyerson, Bezos Expeditions, Rod Canion (founding CEO of Compaq) and Jack Gill (partner at Maven Ventures). It also had secured a $2 million grant from 21st Century Technology Fund.
ChaCha did not return requests for comment. www.chacha.com
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Adam said on January 26, 2009
I really, really like ChaCha but dont understand their valuation. Its a free service right? So are they going to only refer you to stores, restaurants and other places that pay them? When you txt them are they going to keep your # and Spam you?
Someone explain this valuation please
Robin Wauters said on January 26, 2009
Hey,
The company has since confirmed that they actually closed the $30 million Series C round a while ago.
Post is updated:
http://www.techcrunch.com/2009/01/26/wow-chacha-is-raising-another-30-million/