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SurveyMonkey was founded in 1999 and currently processes more than 25 million survey responses per month. The borrowed funds will be allocated to cover existing operating costs and debt, as well as position SurveyMonkey to make future acquisitions.
"SurveyMonkey continues to be the market leader in providing online survey tools for individuals, corporations, non-profits, governments and schools and we believe there is incredible opportunity for growth in front of us. This new capital structure will help us achieve our expansion plans," said CEO Dave Goldberg on the financing news.