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Stack Overflow Raised $85 Million to Invest in Teams

michaeltharrington profile image Michael Tharrington (he/him) ・1 min read

If you have a coding question, chances are a Google search will take you to Stack Overflow. The programming-oriented Q&A website is the 45th most popular site in the world, according to Alexa Rank. “No other company or organization has the size of community that we have in the technology industry,” says CEO Prashanth Chandrasekar. “Every developer knows who we are.”

The Covid-19 pandemic’s shift to remote work has only bolstered Stack Overflow’s spot in engineering circles. From April to June, an average of 200,000 new users signed up each month, the best quarter in the 12-year-old New York City-based startup’s history, Chandrasekar says. With that demand has come more venture capital interest: Stack Overflow announced on Tuesday it has raised $85 million in a Series E funding round.

Full story on Forbes

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Michael Tharrington (he/him)

@michaeltharrington

I'm a friendly non-developer from NC who enjoys playing music/making noise, eating veggies, and hanging out with my best friend/wife + our 3 cats. (he/him)

Discussion

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I think people in software think of Stack Overflow as this longstanding unchanging monolith, but I think their move into SaaS as a business model is a sneaky evolution in the company.

 

a centralized knowledge base takes the load off people who might otherwise have to repeatedly answer the same questions on chat platforms such as Slack.

I think currently there's nothing close to Stack Overflow way of Q&A that also serves as a knowledge base.

Huge and interesting move by them. Let's see what happens.