Business
Runway Growth Capital Named in Inc.'s 2023 List of Founder-Friendly Investors
Runway's inaugural appearance on the list demonstrates the firm's commitment to driving supportive partnerships for companies seeking alternatives to highly
About this update from Runway Growth Finance Corp.
[{"type":"text","content":"Runway's inaugural appearance on the list demonstrates the firm's commitment to driving supportive partnerships for companies seeking alternatives to highly dilutive equity.\nMENLO PARK, Calif., Nov. 1, 2023 /PRNewswire/ -- Runway Growth Capital LLC (\"Runway\"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, announced today that Inc. Magazine named Runway in its prestigious Founder-Friendly Investors list. The list honors leaders in finance – including debt providers such as Runway – who have maintained a stellar track record of success and consistent support for entrepreneurs.\n\n \n \n \n \n \n \n\n \nThe final list recognizes 218 firms that remain actively involved with the businesses they invest in, and that have earned the trust of the entrepreneurs they support to help drive growth.\n\"Now more than ever, founder-led companies need financing partners that offer guidance, expertise, and understanding—not just capital,\" said Scott Omelianuk, editor-in-chief of Inc. Business Media. \"These are the private equity, venture capital, and debt firms that have founders' backs when it comes to accelerating growth.\"\n\"We are honored that Inc. recognized Runway for our dedication to our borrowers in good times and bad, providing the capital, knowledge, and network they need for success,\" said Greg Greifeld, Acting CEO of Runway Growth Capital LLC. \"As a provider of venture debt, the primary value proposition of our capital solution is to allow entrepreneurs to own more of their companies, and by doing more work upfront to develop a thorough understanding of our clients' businesses, we are well prepared to help with any current or future challenges.\"\nRunway has shown prowess in working closely with the founders of its portfolio companies to help them grow while meeting the goals of its strategic investments. Runway invests in varied companies, focusing on technology, life sciences, and select consumer services and products. Since its inception in 2015, the firm has partnered with 72 companies to provide minimally dilutive growth capital that enables founders and early investors to retain more ownership in their business, amounting to over $2.4 billion in total loan commitments.\nIn December of 2022, Runway reengaged with the management team of SetPoi...