|Page (1) of 1 - 08/11/11||email article||print page|
Mobile Q&A Service Opinionaided Delivers 125 Million Responses to Advice Seekers, Investors Respond with $4.3 Million in Funding(August 11, 2011)
New York, NY (PRWEB) August 11, 2011
Mobile question-and-answer company Opinionaided today announced a $4.3 million round of funding to fuel the rapid growth of its service, which provides opinions on virtually any topic. The companys dramatic rise is credited to its focus on building a utility with strong social appeal and the active community of users on iOS devices, who have delivered 125 million responses to consumer questions since its launch last year.
The companys new funding represents its Series A round and is led by SoftBank Capital and BlueRun Ventures. The round involves participation or conversion by all original seed round investors, including venture capital firms General Catalyst and Draper Fisher Jurvetson, as well as notable angel investors Mark Wachen of DreamIt Ventures, Jonah Goodhart of Point Ventures Group, Facebook advisor and Path investor Karl Jacob, ENIAC Ventures and Vince Monical, former head of emerging platforms at Google, among others.
Helping users share and receive real-time opinions on the go has been an incredibly social phenomenon, one which we are fully embracing while continuing to build the utility of the platform, said Dan Kurani, co-founder and CEO of Opinionaided. Our broad base of A-list investors is a testament to how Q&A is evolving beyond simple fact-based services to the massive market of opinion- and advice-based communication. With this funding we aim to rapidly innovate and cement a leadership position within this space.
With the new funding, Opinionaided is announcing the formation of its board of directors, comprised of industry veteran Karl Jacob, whose early Q&A company Keen was bought by AT&T, as well as investors Jay Jamison, venture partner at BlueRun Ventures, and Joe Medved, partner at SoftBank Capital.
"Opinionaided's mobile platform delivers an incredibly engaged audience, providing users with nearly instant gratification in soliciting and providing opinions, said Joe Medved, partner at SoftBank Capital. We are excited to partner with Dan Kurani and his team, who we believe have built a behavioral experience with global appeal.
Opinionaided addresses a massive user opportunityreal-time mobile Q&A with a fantastic product experience, said Jay Jamison, venture partner at BlueRun Ventures. Their team has built a product that is optimized for mobile devices and has created standout user engagement and traction that has long-term appeal. We think this positions Opinionaided as the market leader in this category.
The company is also announcing version 3.1 of its iOS app, which introduces an enhanced user interface and even more ways for consumers to engage and interact. Version 3.1 enables users to send questions to anyone even outside of the Opinionaided community using SMS, Twitter and Facebook. 3.1 also includes new features designed to elevate the user experience, such as comprehensive bios, online image search and overall improved content targeting.
Opinionaided is the fastest way to get and give opinions from peers. Users can ask questions in a variety of categories and receive dozens of responses in just a few minutes. The services addictive nature has resulted in the average user spending nearly three hours per month on the app.
Download the iOS app now: http://bit.ly/9aeB30
Opinionaided is a free application that allows consumers to use their iPhone, iPod Touch or iPad to get advice and opinions in real-time. Users can also answer questions at http://opinionaided.com/ with more platforms coming soon.
Read the full story at http://www.prweb.com/releases/2011/8/prweb8712328.htm.
Related Keywords:computing and information technology, satellite technology, wireless technology, science and technology, technology (general), electronics, identification technology, agricultural research and technology, economy, business and finance, financial and business service, business enterprises, business (general)