Online forms are not sexy, but every Website that wants to collect information or payments from visitors needs them. Today, SurveyMonkey acquired online form maker WuFoo to its growing bevy of tools for $35 million in cash and stock. I’ve confirmed the price with a source.
What’s really great about this story is that WuFoo is another Y Combinator win. The startup launched way back in 2006 with only $118,000 in angel money (Paul Bucheit, who is now a partner at Y Combinator, was one of the investors). The company never needed to raise money again. It added payment processing options a couple years later, and now more than $100 million in transactions have been processed through its forms.
SurveyMonkey should be able to ramp that up considerably. It will add WuFoo to other recent acquisitions ClickTools and Precision Polling. SurveyMonkey is on a buying spree after raising $100 million in debt last November. Expect more acquisitions to round out its offerings.
Wufoo is an Internet application that helps anybody build amazing online forms. When you design a form with Wufoo, it automatically builds the database, backend and scripts needed to make collecting and understanding your data easy, fast and fun. Because we host everything, all you need is a browser, an Internet connection and a few minutes to build a form and start using it right away.
Started in 1999 by Ryan Finley and Chris Finley, SurveyMonkey is an online survey tool that enables people of all experience levels to create their own surveys quickly and easily. Every day, SurveyMonkey gives thousands of people the feedback they need to make more informed decisions, including 100% of the Fortune 100. SurveyMonkey’s offices are located in Portland, Oregon, Palo Alto, California, and Funchal, Portugal.
Y Combinator is a venture fund which focuses on seed investments to startup companies. It offers financing as well as business consulting along with other opportunities to 2-4 person companies looking to take an idea to a product. Y Combinator looks for companies with “good” ideas over companies with experience and a business model. The company made its first investments in Summer 2005. Y Combinator selects companies to finance and consult with twice a year. They are located in...
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