About Answers
Answers is a company based in Saint Louis (United States) founded in 1999 was acquired by Apax in August 2014.. Answers has raised $35.5 million across 7 funding rounds from investors including Goldman Sachs, SVB and AOL. Answers has completed 2 acquisitions, including ForeSee and ResellerRatings. Answers operates in a competitive market with competitors including Quora, ClassDojo, Brainly, ELSA Speak and Zhihu, among others.
- Headquarter Saint Louis, United States
- Stage Public
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Sectors
Media & EntertainmentEducation
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$35.5 M (USD)
in 7 rounds
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Latest Funding Round
$39.01 M (USD), Post-IPO
Oct 03, 2014
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Investors
Goldman Sachs
& 11 more
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Employee Count
Employee Count
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Investments & Acquisitions
ForeSee
& 1 more
- Acquired by
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Funding Insights of Answers
Answers has successfully raised a total of $35.5M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $39.01 million completed in October 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $39.0M
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First Round
First Round
(01 Jun 1999)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2014 | Amount | Post-IPO - Answers | Valuation |
investors |
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| Dec, 2013 | Amount | Post-IPO - Answers | Valuation |
investors |
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| Apr, 2012 | Amount | Post-IPO - Answers | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Answers
Answers has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, SVB and AOL. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by private equity firm TA.
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Founded Year | Domain | Location | |
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Redpoint Ventures is engaged in venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Answers
Answers has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include ForeSee and ResellerRatings. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Customer experience analytics are conducted across digital and physical channels.
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2001 | ||||
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Customer reviews for e-commerce businesses are managed online.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Answers
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Answers Comparisons
Competitors of Answers
Answers operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Quora, ClassDojo, Brainly, ELSA Speak and Zhihu, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Questions are asked and answered on a social community platform.
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| domain | founded_year | HQ Location |
Real-time classroom behavior feedback is delivered to students by teachers.
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| domain | founded_year | HQ Location |
Learning resources for school students are provided via question-answering platform.
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| domain | founded_year | HQ Location |
Developer of an application providing English language pronunciation and fluency training
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| domain | founded_year | HQ Location |
Questions and answers are facilitated on an app-based social platform.
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| domain | founded_year | HQ Location |
Social platform for IT professionals & programmers
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Answers
Frequently Asked Questions about Answers
When was Answers founded?
Answers was founded in 1999.
Where is Answers located?
Answers is headquartered in Saint Louis, United States. It is registered at Saint Louis, Missouri, United States.
Who is the current CEO of Answers?
Pete Daffern is the current CEO of Answers.
Is Answers a funded company?
Answers is a funded company, having raised a total of $35.5M across 7 funding rounds to date.
What does Answers do?
Answers was founded in 1999 in Saint Louis, United States, as a social QA community in the online media sector. General questions on various topics are posed by users and addressed by community members. Discussion forums are created, and expert responses are provided through a dedicated WikiAnswers section. Articles are submitted by users, with revenue generated via advertising on the domain answers.com.
Who are the top competitors of Answers?
Answers's top competitors include ClassDojo, Quora and Stack Overflow.
How many acquisitions has Answers made?
Answers has made 2 acquisitions, including ForeSee, and ResellerRatings.
Who are Answers's investors?
Answers has 12 investors. Key investors include Goldman Sachs, SVB, AOL, Apax Partners, and Robertson Stephens Partners.
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