ChaCha Search, Inc., the Carmel, IN-based operator of ChaCha, a free mobile answers service which allows users to go online, call or text questions on mobile phones and receive answers within minutes for free, closed a $7m Series E round of funding.
Since its inception in December 2005, the company has raised approximately $52m from prominent tech leaders, venture capitalists, and angels, including Jeff Bezos, Morton Meyerson (leader of EDS and Perot Systems), Rod Canion (the creator of the portable computer industry), Jack Gill (co-founder of Vanguard Ventures), Don Aquilano, (MP of Gazelle TechVentures), members of the Simon Mall family, and others.
According to Scott A. Jones, CEO of ChaCha, this latest round would provide the company with the cash required to reach profitability.
FinSMEs
05/01/2010