formspring.me Reaches 300 Million Questions Asked & Answered in First Four Months

Company Closes $2.5 Million Investment Round With Elite Silicon Valley Early-Stage Investors
 
 
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Industrys:
* Internet
* Software
* Technology

Location:
* Indianapolis - Indiana - US

March 22, 2010 - PRLog -- Indianapolis, IN  – “Ask me anything.”  That prompt has driven more than 50 million unique visitors in the last 30 days to visit formspring.me to ask and answer questions and read answers from people they find interesting.

formspring.me connects people using questions and answers as the primary form of expression. Since it’s launch during Thanksgiving week last year, users from around the world have answered more the 300 million questions via formspring.me.

“To say this has exceeded our wildest expectations would be an understatement,” said formspring.me co-founder and CEO, Ade Olonoh. “Users around the world are rushing to the site to ask and answer questions that not only inform them but extend their social circle in ways they hadn’t imagined.”

To fund this rapid growth, formspring.me recently closed an equity investment totaling $2.5 million from some of Silicon Valley’s top-tier early-stage investors including:

Steve Anderson’s Baseline Ventures; Josh Felser and David Samuels’ Freestyle Capital; Ron Conway’s SV Angels; Mike Maples’ Maples Investments; Chris Sacca’s Lowercase Capital; Polaris Ventures; Kevin Rose; Travis Kalanick; Dave Morin & Scott Dorsey.

“This is a group of investors who understand our space and has helped many early stage companies grow to be important Internet companies that have reshaped the way people communicate and connect, ” said formspring.me co-founder and President, John Wechsler. “We’ve got the right partners to help us realize the tremendous opportunity before us.”

Baseline Founder Steve Anderson is joining Olonoh and Wechsler on the formspring.me board.

About formspring.me

formspring.me connects people using questions and answers as the primary form of expression. Users receive questions in their private formspring.me inbox and publish answers to their formspring.me stream as well as popular social networks. Users learn more about their friends and people they find interesting by asking them questions and following their answers. Formspring.me was incubated inside Indianapolis-based online forms company, FormSpring.  More information is available at http://www.formspring.me.
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