Eight years since its inception, Quora just landed an $85 million Series D round co-led by Collaborative Fund and Y Combinator’s Continuity Fund. The total valuation of the company was calculated at $1.8 billion.
The company has almost doubled its valuation since their last fundraise in 2014 that valued them at $80 million.
Two main factors considered responsible for this success story are positive early results from its ad tests and user growth.
From a hundred million users a year ago, the company now has 190 million monthly users.
The scale of exposure is also attractive to advertisers who want to market their products for users who might want to buy something related to the field of their questions.
Even though Quora had grown very slowly and its current position is a result of eight years’ worth of work, the lack of any competitor and the CEO Adam D’Angelo’s ties since being the first CTO at Facebook have allowed the company to grow slow and steady.