Stack Exchange the startup behind the popular Q&A platform for professional and enthusiast programmers, Stack Overflow, has secured $40 million in investment in a Series D round of funding, it revealed earlier this week.
The round was led by Andreessen Horowitz and saw participation from existing investors like Union Square Ventures, Spark Capital, Bezos Expeditions, and Index Ventures, bringing the total funds raised till date to $70 million.
Founded in 2008, the startup’s Overflow platform has garnered tremendous respect within the developer community owing to its no frills, programmers-first policy.
“Everything about how Stack Overflow works today was designed to make programmers’ jobs easier. We let members vote up answers, so we can show you the best answer first. We don’t allow opinionated questions, because they descend into flame wars that don’t help people who need an answer right now. We have scrupulously avoided any commercialization of our editorial content, because we want to have a site that programmers can trust,” explained Joel Spolsky, the chief executive of Stack Exchange.Chris Dixon, a personal investor in the company as well as a partner at the Andreessen Horowitz will be joining the board of directors as an observer. He believes that the platform has become, “the indispensable home to the world’s programmers.”
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This investment for the New York based startup comes at a time when there is a documented dirge of developers and programmers across various geographies.
With over 26 million developers, Stack Exchange through the Stack Overflow platform provides a fertile hunting ground for more than 10000 companies including biggies like Amazon and Microsoft, to hire talent, as Fortune points out.There has been disclosure over the company’s valuation or revenue, but it said that it is not profitable.
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(Image credit: Stack Exchange)