SurveyMonkey Raises $100 Million In Senior Debt Financing
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SurveyMonkey is an online survey company that has raised $100 million in senior debt financing led by Bank of America. Last year SurveyMonkey raised funding from Bain Capital Ventures and Spectrum Equity Investors. The proceeds from this round of funding will be used to retire the company’s current debt and replace it with debt a lower interest rates.
SurveyMonkey sees about 25 million people per month responding to surveys. They are seeing revenues of about $50 million per year too. Basic surveys are free and branded surveys cost about $20 per month or $200 per year. SurveyMonkey currently has about 75 employees.