SurveyMonkey Raises $250M in Venture

SurveyMonkey has successfully raised $250M in a Venture at a $2B valuation led by New Enterprise Associates.

Company Overview

SurveyMonkey is a Enterprise Software company headquartered in San Mateo, CA, founded in 1999 with 1500+ employees.

Online survey platform

Fundraising Details

• Amount Raised: $250M
• Round Type: Venture
• Valuation: $2B
• Date: 2024-08-01
• Investors: New Enterprise Associates

About SurveyMonkey

Online survey platform The company is positioned in the Enterprise Software sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: San Mateo, CA
• Founded: 1999
• Team Size: 1500+
• Industry: Enterprise Software

What This Means

This funding round demonstrates strong investor confidence in SurveyMonkey's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Enterprise Software sector continues to attract significant investment as companies innovate to meet evolving market demands. SurveyMonkey's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $2B valuation marks an important milestone for SurveyMonkey, positioning the company among notable players in the Enterprise Software industry.

Looking Ahead

With this new capital, SurveyMonkey is well-positioned to execute on its growth strategy and continue building innovative solutions in the Enterprise Software space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-08-01. For more information about SurveyMonkey, visit their headquarters at San Mateo, CA.