Runway Growth Capital LLC, a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, announced a $20 million growth capital commitment to Elevate, a leading provider of consulting, technology, and services for law departments and law firms.
Read also – Tessolve Announced a Strategic Collaboration with SigmaSense
The investment upsizes the previous $40 million senior secured term loan provided by Runway in 2023.
Read also – [Funding News] Pearl Raises $58 Million Series B Fnding
“We are thrilled to continue our partnership with Elevate, a market leader in legal software and services,” said Brad Pritchard, Managing Director at Runway. “This additional funding underscores our commitment to supporting the long-term growth of Runway’s portfolio companies.”
Elevate is a fast-growing innovation leader in the legal industry. Its success aligns with Runway’s aim to partner with high-quality, late-stage companies poised for significant growth.
“We appreciate Runway’s partnership and belief in our vision,” said Liam Brown, Chairman and CEO of Elevate. “This investment is a strong vote of confidence in our strategy, execution, and team and will enable us to pursue inorganic growth opportunities.”
About Elevate
Elevate is an expert-led, software-powered law company. Elevate provides software and services for the intersection of business and law. Elevate’s legal, business, and technology professionals offer practical ways for global law departments and law firms to improve efficiency, quality, and business outcomes.
