MENLO PARK, Calif. – July 25, 2024 – The Capital Crafter LLC (“Runway”), a number one supplier of development loans to each enterprise and non-venture-backed firms searching for an alternative choice to elevating fairness, introduced at the moment a $20 million development capital dedication to Elevate, a number one supplier of consulting, expertise, and companies for legislation departments and legislation companies. The funding upsizes the earlier $40 million senior secured time period mortgage offered by Runway in 2023.
“We’re thrilled to proceed our partnership with Elevate, a market chief in authorized software program and companies,” mentioned Brad Pritchard, Managing Director at Runway. “This extra funding underscores our dedication to supporting the long-term development of Runway’s portfolio firms.”
Elevate is a fast-growing innovation chief within the authorized business. Its success aligns with Runway’s intention to companion with high-quality, late-stage firms poised for vital development.
“We recognize Runway’s partnership and perception in our imaginative and prescient,” mentioned Liam Brown, Chairman and CEO of Elevate. “This funding is a robust vote of confidence in our technique, execution, and staff and can allow us to pursue inorganic development alternatives.”
About The Capital Crafter LLC
The Capital Crafter LLC is the funding advisor to funding funds, together with The Capital Crafter Finance Corp. (Nasdaq: RWAY), a enterprise growth firm, and different non-public funds, that are lenders of development capital to firms searching for an alternative choice to elevating fairness. Led by business veteran David Spreng, these funds present senior time period loans of $10 million to $75 million to fast-growing firms primarily based in the USA and Canada. For extra data on The Capital Crafter LLC and its platform, please go to our web site at www.runwaygrowth.com.
About Elevate
Elevate is an expert-led, software-powered legislation firm. Elevate supplies software program and companies for the intersection of enterprise and legislation. Elevate’s authorized, enterprise, and expertise professionals supply sensible methods for world legislation departments and legislation companies to enhance effectivity, high quality, and enterprise outcomes. For extra data on Elevate, please go to their web site at www.elevate.legislation.
Ahead-Trying Statements
Statements included herein could represent “forward-looking statements” inside the that means of the Non-public Securities Litigation Reform Act of 1995. Statements aside from statements of historic information included on this press launch could represent forward-looking statements and aren’t ensures of future efficiency, situation, or outcomes and contain a variety of dangers and uncertainties. Precise outcomes could differ materially from these within the forward-looking statements because of a variety of components, together with these described once in a while in Runway’s filings with the Securities and Change Fee. Runway undertakes no responsibility to replace any forward-looking assertion made herein. All forward-looking statements converse solely as of the date of this press launch.