Runway Growth Capital provided up to $20 million in senior secured debt financing to healthcare technology company Mobius Imaging.
Based in Shirley, MA, Mobius manufactures and markets advanced intraoperative CT imaging products for use in operating rooms that reduce radiation exposure. The company currently has in market the Airo, an FDA-approved mobile CT imaging device for use in the operating room. Its pipeline includes two additional CT products.
The company will use the funding to support its continued growth, next generation product development, and scale up the business.
“We believe Mobius’ unique CT scanning capabilities will create a new standard for interoperative imaging, improving safety for both surgeons and patients,” said Runway Growth CEO, David Spreng.
Mobius President and CEO, Eugene Gregerson, added, “We are excited to partner with Runway Growth to support our continued expansion. Many other lenders focus on companies with traditional venture capital investment, but Runway’s expertise and ability to understand our business allowed them to provide a loan structure that fits our growth goals.”
Runway Growth Capital is the exclusive investment advisor to Runway Growth Credit Fund, a growth capital lender for companies seeking an alternative to raising equity. The fund provides senior term loans of $10 million to $50 million to fast-growing companies based in the United States and Canada.
