ChaCha

ChaCha Raises Another $7 Million

Next Story

Motorola to show "whats next" at CES

Human-powered mobile answers service ChaCha has raised $7 million funding, according to an SEC filing. The company has confirmed the funding but declines to name investors. This brings ChaCha’s total funding to nearly $70 million.

ChaCha has been the subject of a little bit of ridicule at TechCrunch since its launch, thanks to its entertaining snafus and some issues with its business model. Despite its various problems over the years, the company has been able to raise a boatload of money adding $4 million to the pot earlier this year.

While ChaCha’s service currently attracts about 9 million unique users per month through mobile devices and its website, the model has had some problems ChaCha has cut guides’ payments quite a few times since its inception and was forced to lay off a significant part of its staff earlier this year. The startup recently branched out from the answers engine by launching a digital coupon service.

blog comments powered by Disqus