Formspring Collects $11.5M

1/12/11

San Francisco-based Formspring, part of a small crop of Web-based question-and-answer services that has grown up over the past two years, said today that it has raised $11.5 million in Series A funding. Redpoint Ventures led the round, which was joined by Baseline Ventures and individual investors. The company’s service prompts users to share information about themselves through questions such as “What was the happiest moment of your life?” In an announcement, founder Ade Olonoh said the new funds would allow the startup to focus on ongoing product innovation and efforts to expand its team in San Francisco. Previous investors in Formspring, which has raised $14 million total since its November 2009 founding, include Floodgate Fund, Freestyle Capital, Polaris Ventures, Lowercase Capital, SV Angel, Founder Collective, Travis Kalanick, Dave Morin, Kevin Rose, Geoff Ralston, and Todd Wagner.

Wade Roush is a contributing editor at Xconomy. Follow @

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