SurveyMonkey raises $800M to remain privately held

UPDATED 15:48 PM EST, January 17, 2013

SAN FRANCISCO (AP) — Online polling service SurveyMonkey is raising $800 million so it can buy back stock from its employees and early investors.

The financing announced Thursday will bring in Internet search leader Google Inc. as one of SurveyMonkey's new shareholders. The amount of money that Google is investing isn't being disclosed.

SurveyMonkey, which is based in Palo Alto, Calif., says its new investors are valuing the privately held company at $1.35 billion.

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