Home > techcrunch > SurveyMonkey Lands Massive $100 Million Debt Financing

SurveyMonkey Lands Massive $100 Million Debt Financing

November 3rd, 2010 11:14 admin Leave a comment Go to comments

One of the unsung heroes among Web startups is SurveyMonkey, the Portland-based company that offers online surveys. Today, it is announcing a very large round of debt financing: $100 million from a syndicate led by Bank of America Merrill Lynch and SunTrust Robinson Humphrey. Survey monkey never really took traditional venture capital. Last year, it raised an undisclosed sum from private equity firms Bain Capital Ventures and Sepctrum Equity Investors.

The service has been growing like a weed and currently has 25 million people a month creating surveys. Most of those don’t pay, but Survey Monkey upsells customers to paid plans with more bells and whistles and which allows for more surveys. Earlier this year, it acquired Precision Polling, a phone survey startup.

Source: SurveyMonkey Lands Massive $100 Million Debt Financing

Related Articles:

  1. SurveyMonkey Acquires A 49.9 Percent Stake In Clicktools
  2. Digital Audio Advertising Company TargetSpot Lands $8 Million
  3. Daily Deal Aggregator Monster Offers Raises $10 Million In Equity Financing
  4. Security Software Maker AVG Announces $235 Million Financing Deal
  5. While Helping Others Erase $42 Million In Debt, ReadyForZero Raises $4.5 Million
blog comments powered by Disqus