ChaCha Closes $20 Million in Financing Round

Oct 19, 2010

ChaCha recently closed a $20 million financing round led by new investors VantagePoint Venture Partners and Rho Ventures. Since its founding 5 years ago, ChaCha has also raised capital from numerous other technology organizations/individuals, venture capitalists, and angel investors, including Jeff Bezos, Rod Canion, and Jack Gill.

In addition to this financing round, ChaCha has plans to launch a new MMS service that will enable delivery of movie trailers, coupon images, and rich media ads to many smartphones and mobile phones. Past advertisers ChaCha has worked with on SMS-related advertising programs include McDonald's, Best Buy, and Coca-Cola.