Quora Raises $50M At $400M From Peter Thiel, D’Angelo Puts In $20M Of His Own Money

Q&A site Quora has raised $50 million at a $400 million valuation according to a report by the Wall Street Journal and the founders themselves have confirmed to me. We had reported that Quora was raising in this range back in April and it looks like Facebook board member Peter Thiel has beat out many other investors including a much-rumored KCPB to lead the round. Also investing is Josh Hannah at Matrix and Jonathan Helliger at Northbridge.

According to our own sources co-founder Adam D’Angelo put in $20 million of his own money into the Series B financing. Thiel is leading with the remaining $30 million.

“Thiel added a lot of value to Facebook,” D’Angelo said about the Thiel investment, “And he’s been very helpful to us in the part. He understands these kinds of companies.”

D’Angelo tells me that he’s going use the money to scale and grow the company even further, “It lets us focus on the long term. And help us build a really good team.”

According to AppData, Quora has 20K daily active users and 180K monthly active users through Facebook Connect. “It grows every week,” D’Angelo said, “I don’t really think of mainstream as a binary thing. I think that as it grows bigger, more and more people will use it to tell their stories.”