Business
Runway Growth Capital and PitchBook Release 2024-2025 Venture Debt Review: Survey Respondents Dismiss "Rescue Financing" Label, Embrace Strategic Role of Debt
Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to venture and non-venture-backed companies seeking an alternative to raising equity, today announced the release of the 2024-2025 Venture Debt Review, produced in partnership with PitchBook. The annual report provides a comprehensive look at the evolving venture debt landscape, pairing PitchBook's proprietary market data with Runway's original survey of founders, investors, and lenders—offering a view into how stakeholders
About this update from Runway Growth Finance Corp.
[{"type":"text","content":"The report finds that a majority of survey participants view venture debt as a flexible, founder friendly alternative to equity that supports growth without dilution rather than a last resort. ","length":192,"tagName":"p","attribs":{}},{"type":"text","content":"MENLO PARK, Calif., Aug. 26, 2025 /PRNewswire/ -- Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to venture and non-venture-backed companies seeking an alternative to raising equity, today announced the release of the 2024-2025 Venture Debt Review, produced in partnership with PitchBook. The annual report provides a comprehensive look at the evolving venture debt landscape, pairing PitchBook's proprietary market data with Runway's original survey of founders, investors, and lenders—offering a view into how stakeholders are using debt in today's market.","length":611,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Runway Growth Capital LLC)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Runway Growth Capital LLC)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":79,"url":"https://media.zenfs.com/en/prnewswire.com/7afa16efdb9ee115bdac426108d0837f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DL0XMZXmEc.05RaT_PsYxQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEzOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/7afa16efdb9ee115bdac426108d0837f","width":400,"height":79}},"href":"https://mma.prnewswire.com/media/2758280/5477653/Runway_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The release of this year's report comes against the backdrop of an increasingly concentrated venture debt market. PitchBook data previously released in early 2025 showed total venture debt deal value reached a record $53 billion in 2024—even as deal count dropped to the lowest level in a decade. This backdrop sets the stage for Runway's deeper exploration of why debt is being used more selectively and strategically than ever. This reflects broader trends already visible across the ecosystem, including fewer, larger transactions as startups use debt more strategically to extend runway and preserve equity.","length":619,"tagName":"p"},{"type":"text","content":"Runway's proprietary survey findings offer fresh insight into how attitudes toward venture debt are shi...