Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the technology, life sciences, healthcare and information services, business services and select consumer services and products sectors. It prefers to investments in companies engaged in electronic equipment and instruments, systems software, hardware, storage and peripherals and specialized consumer services, application software, healthcare technology, internet software and services, data processing and outsourced services, internet retail, human resources and employment services, biotechnology, healthcare equipment and education services. It invests in senior secured loans between $10 million and $75 million.

Runway Growth Finance Corp.

Runway Growth Capital is an experienced, reliable source of debt financing for dynamic, late-stage growth companies.

Aginity

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CrossRoads Extremity Systems

Echo360

Fidelis Cybersecurity

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TRACON Pharmaceuticals

VertexOne

Jibe

Marley Spoon

Mojix

Mustang Bio

Ouster

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Porch Group

RedSeal

Intact Vascular

Runway Growth Capital

Like everything else in life that has value, money too comes with a price.

In a recent feature for TechCrunch, our founder and CEO David Spreng details the financing options available to late-stage startups – and why choosing the right option is so important. Funding is critical for growth but it’s easy to make mistakes… There is no one-size-fits-all solution, and making the wrong decision could be costly.

Check out the full article below for more thoughts from David on methods of raising capital, and what to keep in mind for each!

Disclosure: https://lnkd.in/ebsQSmAr

We’re excited to partner with Linxup, a U.S.-based GPS tracking, telematics and fleet management provider serving small and mid-size businesses. Runway’s investment will refinance existing debt and provide additional working capital to accelerate growth.

We’re proud to share that Runway Growth Capital was recently named one of Inc. Magazine's 2023 Founder-Friendly Investors!

The annual list recognizes private equity, venture capital, and venture debt firms that have been acknowledged by founders as trusted and collaborative partners to help drive growth.

It’s an honor to receive this award for the commitment our team brings to the table every day. Congrats to all those who have made this year’s list.

The Founder-Friendly Investor list is announced annually by Inc. Firms pay an application fee to be considered for this list. The 2023 list was released on October 31, 2023. For more information about the selection criteria and process, please visit: https://lnkd.in/e4rWGhDg

Want to play a role in fueling the venture ecosystem? Come join us! Runway Growth Capital is currently hiring for three positions:
 
- Senior Associate, Valuations (New York)
- Manager, Finance & Accounting (Chicago)
- Assistant Vice President, Investor Relations (Chicago)
 
These roles are critical in providing the non-dilutive capital that is essential for growth – and relied on by the passionate entrepreneurs we are proud to support. You’d be joining an ambitious team and working with some of the best and brightest in the industry.
 
Check out the link below for information, and to apply!

Proud to share an excerpt from our founder and CEO, David Spreng’s new book, “All Money Is Not Created Equal”, which ran this week in Inc. Magazine

As David notes, venture capital is typically seen as the primary funding source for early-stage companies. But after multiple rounds of investment, founders’ ownership is often diluted to the point where they only retain a small fraction of the company they started.

Venture debt however is another option, which if used properly, can be an incredibly powerful tool for growth – especially for late-stage businesses. It can propel companies to the next level (or to an exit), while helping founders retain ownership and minimize dilution.

Check out the link below for the full article!

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
asset turnover		0.02 -	0.05 113.30%	0.06 34.71%	0.08 30.81%	0.07 12.78%	0.04 47.25%	0.14 265.73%
cash conversion cycle								-48.35 -
cash per share		2.91 -	0.08 97.32%	1.42 1,712.07%	0.46 67.50%	0.14 70.13%	27.08 19,611.22%	1.11 95.90%
company equity multiplier	1.20 -	1.18 2.37%	1.84 56.75%	1.37 25.53%	1.37 0.03%	1.22 11.25%	1.98 62.73%	1.97 0.48%
days of inventory outstanding
days of payables outstanding								69.05 -
days of sales outstanding		40.74 -	32.80 19.50%	27.01 17.66%	21.61 20.01%	22.48 4.04%	58.33 159.46%	20.70 64.51%
dividend yield			0.00 -	0.02 473.51%	0.02 11.31%	0.04 135.31%	0.11 162.66%	0.14 33.32%
ebit per revenue		-0.58 -	0.87 251.51%	0.87 0.27%	0.91 4.81%	0.88 3.52%	1.74 97.64%	0.60 65.59%
ebt per ebit			0.96 -	1 4.53%	1 0%	1 0%	0.44 56.15%	0.51 15.60%
effective tax rate							0.85 -
enterprise value multiple	1.75K -	-15.16 100.87%	33.76 322.69%	15.61 53.75%	10.64 31.84%	11.25 5.67%	10.98 2.39%	11.64 6.04%
fixed asset turnover
free cash flow per share		-42.20 -	-5.34 87.34%	-4.13 22.76%	-3.28 20.58%	-1.79 45.34%	-8.70 385.31%	1.40 116.06%
gross profit margin		1 -	1 0%	1 0%	1 0%	1 0%	1 0%	0.75 24.52%
interest coverage	-1.23 -		23.07 -	23.30 1.00%	44.15 89.46%	17.86 59.54%	5.35 70.07%	2.03 62.08%
inventory turnover
long term debt to capitalization				0.14 -	0.17 25.64%	0.12 32.92%	0.49 320.92%	0.48 1.12%
net income per ebt			1 -	1 0%	1 0%	1 0%	0.15 85.41%	1 585.59%
net profit margin			0.84 -	0.87 4.25%	0.91 4.81%	0.88 3.52%	0.11 87.36%	0.30 172.69%
operating cash flow per share		-42.20 -	-5.34 87.34%	-4.13 22.76%	-3.28 20.58%	-1.79 45.34%	-8.70 385.31%	1.40 116.06%
operating cycle								20.70 -
operating profit margin		-0.58 -	0.87 251.51%	0.87 0.27%	0.91 4.81%	0.88 3.52%	1.74 97.64%	0.60 65.59%
payables turnover								5.29 -
pretax profit margin			0.84 -	0.87 4.25%	0.91 4.81%	0.88 3.52%	0.76 13.34%	0.30 60.22%
price fair value		0.28 -	2.49 778.72%	1.11 55.52%	0.90 19.29%	0.72 19.26%	0.83 15.17%	0.93 12.24%
receivables turnover		8.96 -	11.13 24.22%	13.51 21.44%	16.89 25.01%	16.24 3.89%	6.26 61.46%	17.63 181.80%
return on assets			0.04 -	0.05 40.43%	0.07 37.11%	0.06 15.85%	0.00 93.33%	0.04 897.31%
return on capital employed	-0.00 -	-0.01 8,562.99%	0.04 423.28%	0.06 57.16%	0.08 31.58%	0.07 20.20%	0.06 1.56%	0.08 25.95%
return on equity			0.07 -	0.07 4.58%	0.10 37.15%	0.08 25.32%	0.01 89.15%	0.08 892.56%
total debt to capitalization				0.14 -	0.17 25.64%	0.12 32.92%	0.49 320.92%	0.48 1.12%

COM:RUNWAYGROWTH

Runway Growth Capital

Last Close

10.31

22/11 21:00

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