ChaCha Mobile Search Raises $11 million In Partial Round
ChaCha, the mobile search company, has raised $11 million of a $30 million round of funding, reports peHUB, quoting a regulatory filing. No new shareholders are listed. Previously, the Carmel, Ind.-based company had raised $14 million from Morton Meyerson, Bezos Expeditions, Rod Canion and Jack Gill. It also had secured a $2 million grant from 21st Century Technology Fund. In September, ChaCha said it had signed up more than one million users, and had answered some 27 million queries since its January launch. At that time, Nielsen Mobile said ChaCha was the fastest growing SMS search service, and had a seven percent share of the U.S. mobile search market in Q2, tying it with Yahoo (NSDQ: YHOO). Users text or call a query into ChaCha’s free number, and get sent an answer from ChaCha “experts.”
Posted In: Entertainment, Money, M&A & Venture Capital, Venture Capital, Social Media, chacha
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