SurveyMonkey, Used in Many Schools, Raises $250M


SurveyMonkey, Used in Many Schools, Raises $250M

Dec 16, 2014

SURVEYMONKEY: $250 million to Palo Alto, CA-based SurveyMonkey in a new round of funding from T. Rowe Price Group, Inc., Morgan Stanley and Baillie Gifford & Co. Other participants include existing investors Tiger Global Management LLC, Google Capital and company CEO, Dave Goldberg. The company has raised $1.2 billion and is now estimated to be valued at close to $2 billion.

Founded in 1999, the company's online survey tools are now used by over 20 million customers, according to the release. Goldberg tells EdSurge that "about 25% of our user base is in education--it is our largest industry segment and we get over 40 million completed parent surveys in K-12 globally per year." The company has previously worked with Harvard University to design surveys on parental involvement in K-12 schools.

Bloomberg reports the company "will spend $75 million on acquisitions." One company Goldberg may be watching is Panorama Education, a Boston startup that's helped over 5,000 schools design and deliver student, teacher and parent surveys and analyze results.

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