SurveyMonkey, a Palo Alto, CA-based online survey platform, raised $250m in equity financing.
Backers included institutional funds and accounts managed by T. Rowe Price Associates, Inc., Morgan Stanley Investment Management, Inc., and Baillie Gifford & Co, as well as from current investors Tiger Global Management, LLC, CEO Dave Goldberg, ICONIQ Capital, Google Capital, Social+Capital Partnership, Ryan and Chris Finley, and Laurel Crown Partners.
The company intends to use the funds to pursue future M&A transactions, as well as to provide an opportunity for existing investors and employees to sell some of their equity.
Founded in 1999 and led by Dave Goldberg, CEO, SurveyMonkey is an online survey platform, with more than 2 million survey responses every day. The company has over 400 employees globally while customers include 99% of the Fortune 500, academic institutions, organizations and neighborhood soccer leagues everywhere.