Runway Growth Capital, a provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, closed a senior secured term loan of $15 million for CrossRoads Extremity Systems.
Runway Growth Capital hired Carmela Thomson to be the firm’s first vice president of finance and accounting and Andy Weyer to the post of managing director of technology for the origination team.
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.
Arrowroot Capital and Runway Growth Capital provided $160 million in growth capital and debt financing to FiscalNote, a global technology company providing software and political intelligence around legislative and regulatory risk.
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.