Business
Runway Growth Capital Named to Inc.'s 2024 Founder-Friendly Investors List
Runway's recognition highlights its unwavering support for entrepreneurs through minimally dilutive capital solutions. MENLO PARK, Calif., Oct. 29, 2024
About this update from Runway Growth Finance Corp.
[{"type":"text","content":"Runway's recognition highlights its unwavering support for entrepreneurs through minimally dilutive capital solutions.\nMENLO PARK, Calif., Oct. 29, 2024 /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, is proud to announce its inclusion in Inc. Magazine's 2024 Founder-Friendly Investors list. This marks another significant achievement for the firm, reinforcing its reputation as a trusted financial partner dedicated to empowering entrepreneurs by offering capital solutions that allow founders to maintain ownership of their businesses.\n\n \n \n \n \n \n \n\n \n\"It has been a complicated few years for growth companies and the companies that fund them,\" said Mike Hofman, editor-in-chief of Inc. \"So we are happy to share with our readers the best, latest guidance on which venture capital firms, private equity firms, and growth-capital lenders have the track record and reputation of being especially good partners to founders and CEOs.\"\nThe prestigious list celebrates the investors who believe in backing founder-led businesses and helping them thrive. All companies on the list have successful track records of collaboration and remaining actively involved with the businesses they invest in.\n\"Our inclusion on Inc.'s Founder-Friendly Investors list underscores our commitment to building meaningful relationships with founders,\" said David Spreng, Founder and CEO of Runway. \"By offering venture debt, a less dilutive alternative to equity, we enable entrepreneurs to retain more control of their companies while supporting them through their growth journey.\"\nRunway's investment philosophy centers on collaboration with its borrowers, focusing on trust, transparency, and long-term partnership. Founded in 2015, the firm has distinguished itself as a key player in venture lending, helping high-growth companies across varied industries access non-dilutive financing. Since its inception, Runway has partnered with 83 companies, providing capital to businesses with a clear path to profitability and issuing over $3.2 billion in total loan commitments.\nA recent example of Runway's commitment to its portfolio companies is its partnership with Elevate Services, Inc. (\"Elevate\"), a leading global provider of softwa...