According to a study from Runway Growth Capital, 88% of venture capital firms reported their portfolio companies plan to pursue venture debt in the next 12-18 months and 67% of entrepreneurs are willing to raise venture debt with a non-bank or specialty finance lender.
Runway Growth Capital, a provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, hired Ted Cavan as managing director, technology.
Runway Growth Capital hired Jeff Goldrich as managing director, technology. Operating out of the Chicago office and reporting directly to founder, CEO and chief investment officer, David Spreng.
Runway Growth Credit Fund logged $80.7 million in funded loans in Q2/21. Since inception in 2016, the firm has achieved $1.1 billion in total loan and investment originations and $903.5 million in funded investments.
Runway Growth Credit Fund provided an operational and portfolio update for the first quarter of 2021. Runway Growth funded seven loans in Q1/21 and experienced partial liquidity events totaling $15.5 million.
Runway Growth funded three loans and other investments during Q3/20, including a $40 million senior secured term loan commitment to new portfolio company, Porch.com.
Runway Growth Credit Fund reported total new loan commitments for Q2/20 equaled $60.4 million. The company funded four loans and other investments during Q2/20, including $30 million senior secured term loans to Intact Vascular and CloudPay.
Runway Growth Capital provided up to $20 million in senior secured debt financing to healthcare technology company Mobius Imaging.
Jaime J. Lewis will lead Runaway Growth Capital’s Northeast Origination, and Brian J. Sapp will head its West Coast Origination.