Quora, the site knows for question-and-answer website has picked a massive new round of capital, and a fresh valuation. The funding round, led by Peter Thiel, injects some $50 million into the firm, at a valuation of $400 million, reports The Wall Street Journal. Earlier, Quora was valued at a mere $86 million. Northbridge Venture Partners participated in the $50 million round.
Based in Palo Alto, California, Quora was born in 2009. Quora aggregates questions and answers to topics and allows users to collaborate on them by editing questions and suggesting edits to other users’ answers. To date, the company has raised a total of $61 million, including today’s new round. Founder D’Angelo put in $20 million of his own money into the company, a large personal bet.