SurveyMonkey in $65m Share Sale

DIY research tech firm SurveyMonkey is selling stock to the value of $65m, according to a filing lodged with the SEC yesterday.

The placement follows last month's news that SurveyMonkey had partnered with equity investment firm TPG Growth to acquire research software and services firm MarketTools. Under the terms of the agreement, TPG acquired MarketTools and transferred the latter's Zoomerang, ZoomPanel and TrueSample businesses to SurveyMonkey in exchange for a minority stake in the SurveyMonkey business.

While financial terms of the transaction were not disclosed, sources said at the time that the deal valued SurveyMonkey - led by CEO Dave Goldberg (pictured) - at roughly $1 billion.

SurveyMonkey's share placement is in the form of Series A convertible preferred stock.

Web site: www.surveymonkey.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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