Thursday, January 17, 2013

SurveyMonkey Raises $800M

Palo Alto-based SurveyMonkey, the developer of web-based surveying software, said today that it has raised $800M in funding, split between $444M in private equity, and $350M in debt. The equity funding came from CEO Dave Goldberg and Tiger Global Management, and also included Google, ICONIQ Capital, Social+Capital Partners, and Laurel Crown Partners. The $350M in debt was led by JP Morgan, and also included Bank of America Merrill Lynch, Goldman Sachs and SunTrust Bank. David Lawee of Google joins the company's board as an observer, with Tiger Global's Lee Fixel joining as a director. The firm said the funding values the company at approximately $1.35 billion. More information »