![Formspring Raises $10M for Anonymous Q&A [REPORT]](https://helios-i.mashable.com/imagery/archives/06qnd8xcj9DGR1hFA8ZmIrq/hero-image.fill.size_1248x702.v1647019268.jpg)
Formspring, the popular, social and addictive Q&A site, has just secured a $10 million round of funding.
This Series B was led by Redpoint Ventures, which
">reportedly values the company at $45 million.
The San Francisco-based startup got its $2.5 million Series A earlier this spring; that money came from such Silicon Valley luminaries as Chris Sacca, former Facebooker and current Path founder Dave Morin, and Digg founder Kevin Rose.
We've been following Formspring's progress closely since the company moved out to the West Coast earlier this year. The app's growth has been significant; in fact, the service saw its one billionth question answered just two months ago.
According to a company rep, the site has 18 million users and sees about 5 million questions answered each day with a daily peak of about 9,000 answers per minute. That's a lot of users and a lot of content.
The site currently doesn't have any advertising or promotional content; its makers are taking a "features first" approach to monetization. Like Twitter, they've created something that has the potential to be hugely popular and are choosing to concentrate on product before revenue.