Plus, it will be expanding sales and marketing efforts, especially targeting universities in the US and the UK, with Bonde noting "heavy investment" there" — including growing the headcount of the team.
Through 2015 Facebook had actually been ramping up its internal focus on elections as a revenue generating opportunity — growing the headcount of staff working directly with politicians to encourage them to use its platform and tools for campaigning.
With the additional financing and the revenue Piqora is generating, Verma tells us he's looking to double the business in 2014, especially in terms of growing the company's headcount.
The new capital will be used to enable the company to relocate to the UK city Manchester, after its acceleration stint in London, and to grow the team to a headcount of around 14 in the next 12 months.
The Series A money will be spent on new marketing campaigns, developing the Send Anywhere technology, and growing the company's current headcount of 16. "We will heavily focus on hiring new engineers.
He also says the aim is to grow the team from its current headcount of 36 to around 60 before the end of the year.
And Quora will invest in its infrastructure including growing the team beyond its current headcount of 70, strengthening spam prevention, improving its relevancy-filtered home feed, and buying servers.
Even though the company raked in somewhere between $500,000 and $1 million per day this past fall and winter, Supercell only grew its headcount by slightly over 20 people in the last four months.
Facebook's UK expansion plans don't mention any specific caveats or conditions for the company to grow headcount in the country.
"We've proven that print works and this investment is to continue to expand on print and group photos on mobile," says Hare. Photobucket is currently a team of 60 and also plans to grow its headcount with the new funding.
