Q&A Service ChaCha Raises $20 Million More

Q&A service ChaCha, which has already raised $52 million in funding, has added another $20 million. This round was led by Rho Ventures and VantagePoint, and sources familiar with the transaction insist that the money is for growth and not liquidity for early investors. ChaCha competes in a field chock-full of rivals, from Yahoo and Answers.com down to new entrants like Quora. The company last raised $7 million in an E round in December 2009; the company claims to reach 15 million unique users between its online and mobile platforms.