What is SurveyMonkey?
Founded in 1999 and headquartered in San Mateo, California, SurveyMonkey operates as a comprehensive online survey platform. It offers a range of tools, from free, customizable surveys to advanced paid programs that include sophisticated data analysis, bias elimination, and data representation features. SurveyMonkey caters to individual users with free and paid plans, as well as providing large-scale enterprise solutions for businesses focused on data analysis, brand management, and consumer-focused marketing. Its offerings are designed to empower organizations to gather insights and make data-driven decisions.
How much funding has SurveyMonkey raised?
SurveyMonkey has raised a total of $1.7B across 9 funding rounds:
Debt
$100M
Series A
$65M
Debt
$350M
Private Equity
$444M
Private Equity
$250M
Multiple Rounds
$515M
Debt (2010): $100M with participation from SunTrust Bank and Bank of America Merrill Lynch
Series A (2012): $65M led by Undisclosed
Debt (2013): $350M supported by Goldman Sachs, JPMorgan Chase, Bank of America Merrill Lynch, and SunTrust Bank
Private Equity (2013): $444M featuring ICONIQ Capital, Laurel Crown Partners, TriplePoint Venture Growth BDC, and Social Capital
Private Equity (2014): $250M backed by Tiger GLobal Management, Baillie Gifford & Co., ICONIQ Capital, Dave Goldberg, Laurel Crown Partners, Social Capital, T. Rowe Price Associates, Google Capital, Morgan Stanley Investment Management, and Ryan and Chris Finley
Stock Issuance/Offering (2018): $180M with participation from Sheryl Sandberg and Tiger Global
Share Placement (2018): $40M led by Salesforce Ventures
Debt (2018): $75M supported by JP Morgan Chase Bank
Debt (2018): $220M featuring JP Morgan Chase Bank
Key Investors in SurveyMonkey
SunTrust Bank
SunTrust Banks, headquartered in Atlanta, Georgia, is a diversified financial service holding company whose businesses provide a range of financial services to consumer and corporate clients. The company operates in four business segments: retail and commercial, wholesale banking, mortgage, and wealth and investment management. Through its subsidiary SunTrust Bank, the company provides deposit, credit, trust, and investment services. It was founded in 2017.
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to corporations, governments, and institutional and individual clients, including mergers and acquisitions advisory, underwriting, asset management, securities trading, and wealth management. Known for its influential role in global capital markets, Goldman Sachs also engages in risk management, financing, and strategic advisory services worldwide.
JPMorgan Chase
Headquartered in New York, NY, JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. Founded in 1968, the firm provides services in investment banking, commercial banking, asset management, financial transaction processing, and consumer and small business banking under the J.P. Morgan and Chase brands.
What's next for SurveyMonkey?
The recent major strategic investment in SurveyMonkey signals a pivotal moment for the company, likely indicating a focus on scaling operations, enhancing product development, and potentially exploring new market opportunities. Given the enterprise-level context of its overall funding, this latest capital injection is expected to fuel further innovation in its feedback and data analytics solutions. SurveyMonkey is well-positioned to leverage this financing to strengthen its competitive edge in the rapidly evolving market research and customer experience management sectors, aiming to provide even more robust tools for businesses worldwide.
See full SurveyMonkey company page
