SurveyMonkey Garners $794,000,000 New Funding

  • Feed Type
  • Date
    1/17/2013
  • Company Name
    SurveyMonkey
  • Mailing Address
    285 Hamilton Ave. Palo Alto, CA 94301
  • Company Description
    Founded in 1999, SurveyMonkey is the world’s leading provider of web-based survey solutions. Powerful, yet easy-to-use, SurveyMonkey helps millions of people gain the insights they need to make more informed decisions. Customers include 100% of the Fortune 100, as well as other businesses, academic institutions, and organizations of all shapes and sizes.
  • Website
    http://www.surveymonkey.com
  • Transaction Type
    Debt, Venture Equity
  • Transaction Amount
    $794,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The recapitalization will consist of two stages. In the first step of the transaction, existing early investors in the Company sold approximately $444 million in equity to a group of new and existing shareholders. The equity sale closed in late December. To complete the recapitalization, SurveyMonkey expects to raise an additional $350 million in debt financing. The proceeds from the debt will be used to buy shares from employees and shareholders as well as retire the Company’s existing debt.
  • M&A Terms
  • Venture Investor
    Tiger Global Management
  • Venture Investor
    Individual Investor
  • Venture Investor
    Google Ventures
  • Venture Investor
    The Social+Capital Partnership
  • Venture Investor
    JPMorgan Chase Bank
  • Venture Investor
    Bank of America
  • Venture Investor
    Goldman Sachs

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