Question-and-answer service Quora has raised $80 million in funding led by financier Tiger Global Management and joined by Benchmark, Matrix Partners, North Bridge and Paypal co-founder Peter Thiel, reportedly garnering a valuation of about $900 million. The funding round went directly to the company rather than buying out employees and existing investors. Quora previously raised $11 million of Series A funding in 2010 followed by a $50 million Series B round at a $450 million valuation in 2012.
The company, founded in 2009 by Facebook alumni, said the cash from the new investment would support three areas: ensuring Quora lasts on the Internet; that it retains its independence and avoids getting acquired; and that it expands into languages beyond English. Reportedly, Quora will add another tongue by 2015, but the company has yet to decide which language to add first. Quora also plans to begin experimenting with advertising by the end of 2015; because its users tend to visit the site to search for specific pieces of information, the platform should prove attractive to advertisers.