June 16, 2009, Updated September 24, 2012

Jun. 16 –  Israeli online reference company Answers Corporation, which runs the websites Answers.com and WikiAnswers.com, has raised $7 million from US venture capital firm Redpoint Ventures. Redpoint, which first invested $6 million in Answers a year ago with an option to invest a further $7m. a year later, is now the largest shareholder in the company. As part of the investment, Redpoint’s Tom Dyal, previously an Answers Corporation board observer, joined the company’s board of directors as a full member, and becomes Redpoint’s second representative on the board.

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Jason Harris

Jason Harris

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