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.
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.