• Mashable, Wednesday, March 9, 2011 12 PM

Online question & answer network Stack Overflow has raised $12 million in Series B funding led by led by Index Ventures, along with Spark Capital and Union Square Ventures. The company has also officially changed its name to Stack Exchange. "The new funding will be used to support the company's growth, which -- according to Stack Exchange's data -- has been amazing," reports Mashable.

Stack Exchange began as a Q&A site for developers, and has since grown its network to include 45 expert Q&A sites on a variety of topics, with some 20 million monthly unique visitors, 95 million page views, and almost 800,000 registered users.

As Mashable notes, the new funding comes after a major search-algorithm change by Google, which apparently worked in Stack Exchange's favor. Indeed, according to company co-founder Jeff Atwood, content syndicates have recently begun outranking the site's original content on Google Search.

Read the whole story at Mashable »