SurveyMonkey Secures $794,000,000 New Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b89dcdc0-b220-4dba-bb17-dd1e17914894&Preview=1 -
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
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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
