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Mobile Q&A Service ChaCha Raises $20 Million

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ChaCha, a service that lets you ask a question via a call or a text message from your mobile and quickly receive an answer, has nabbed another $20 million in a round of funding, led by Rho Ventures and VantagePoint.

ChaCha has been well funded since its launch in 2006; with this new financial injection, the company’s total backing is now near $72 million.

Chacha’s new round of financing is another proof of a new interest in Q&A services, such as FormSpring and the increasingly popular Quora. ChaCha claims to have 55,000 active Guides – users who answer questions from other users – throughout the country and over 10 million monthly unique visitors in the U.S.

More About: ChaCha, funding, Mobile 2.0, q&a, Search

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