Runway

Runway Growth Finance Corp. Announces Joint Venture with Cadma Capital Partners

Retrieved on: 
Thursday, March 7, 2024

MENLO PARK, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that the Company has established a joint venture (“JV”) with Cadma Capital Partners (“Cadma”), a credit financing platform for the venture and growth ecosystem that is an affiliate of Apollo Global Management.

Key Points: 
  • MENLO PARK, Calif., March 07, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that the Company has established a joint venture (“JV”) with Cadma Capital Partners (“Cadma”), a credit financing platform for the venture and growth ecosystem that is an affiliate of Apollo Global Management.
  • Cadma provides asset-backed financing to venture and growth lenders, high-growth companies, and financial sponsors.
  • "Cadma will serve as a disciplined and experienced partner that shares in our mission to deliver creative financing solutions to the highest quality late-stage and growth companies,” said Greg Greifeld, Acting Chief Executive Officer of Runway Growth, and Deputy Chief Investment Officer and Head of Credit of Runway Growth Capital LLC.
  • Through our partnership with Cadma, Runway will increase our presence in the growth lending markets as we seek to deliver returns for our shareholders.”
    The newly formed joint venture, Runway-Cadma I LLC, will be an equal partnership between Runway and Cadma.

LINKBEST.COM annouced its 15 years in business and successful partnerships with over 2,000 esteemed global brands

Retrieved on: 
Tuesday, February 20, 2024

Linkbest's flexible publisher dashboard and payment system attract an extensive collection of top-tier publishers by offering dynamic, customizable financial solutions.

Key Points: 
  • Linkbest's flexible publisher dashboard and payment system attract an extensive collection of top-tier publishers by offering dynamic, customizable financial solutions.
  • Through data-driven analysis of audience behaviors, Linkbest delivers targeted advertising and monetization strategies, boosting revenue opportunities for publishers.
  • Linkbest boasts outstanding integration partnerships across diverse sectors, including leading global flight and hotel companies, the number one electronic accessories brand, and numerous other elite global brands and organizations.
  • Throughout the years, Linkbest.com has forged successful partnerships with more than 2,000 esteemed global brands, creating a vast network that distinguishes them in the affiliate marketing field.

Rakuten Returns to New York Fashion Week, Unlocking Insider Access and Cash Back Savings on Top Designers' Runway Looks

Retrieved on: 
Tuesday, February 6, 2024

SAN FRANCISCO, Feb. 6, 2024 /PRNewswire/ -- Rakuten, the leading shopping platform that offers Cash Back and rewards, is returning to New York Fashion Week (NYFW) to help savvy shoppers score coveted runway items from top designers first, exclusively, and with incredible Cash Back savings. In addition to offering an exclusive pre-sale on select items from Prabal Gurung, Sergio Hudson, PatBO and Diotima, Rakuten is partnering with celebrity stylist Erin Walsh to curate head-to-toe designer outfits inspired by the latest trends – all with elevated 10% Cash Back for a limited time.

Key Points: 
  • These items will be revealed in their respective NYFW shows and made shoppable immediately afterwards, through February 23, with 10% Cash Back.
  • Rakuten members can also shop the designers' entire current collection and receive 10% Cash Back on their purchases from the start of NYFW on February 9 through February 23.
  • "Building on the excitement from last season's partnership, Rakuten is once again meeting fashion lovers where we know they're most captivated - New York Fashion Week," said Vicki Wagner McRae, SVP of Brand, Creative and Communications at Rakuten.
  • Follow Rakuten's Instagram and TikTok for New York Fashion Week content and updates.

Morar Unleashes Beta of GenAI Video Creation Tool, Going Head-to-Head with Industry Giants

Retrieved on: 
Tuesday, January 30, 2024

LONDON, Jan. 30, 2024 /PRNewswire/ -- London-based Morar has officially launched beta of its GenAI video creation tool, challenging industry giants such as Google's Lumiere, Meta's Emu Video and others like Runway which recently received unicorn status and Pika Labs who announced a $55M raise in November.

Key Points: 
  • LONDON, Jan. 30, 2024 /PRNewswire/ -- London-based Morar has officially launched beta of its GenAI video creation tool, challenging industry giants such as Google's Lumiere, Meta's Emu Video and others like Runway which recently received unicorn status and Pika Labs who announced a $55M raise in November.
  • The beta version of Morar was officially launched on January 30th, 2024, opening the doors for individuals to experience the power of GenAI video creation firsthand.
  • "We believe that creativity knows no bounds, and with Morar, we want to democratize video production," said Priyanka, CEO at Morar.
  • We're excited to invite users to join our beta and experience the future of video creation."

Runway Growth Capital Provides $40 Million Growth Investment to Blueshift

Retrieved on: 
Tuesday, January 16, 2024

MENLO PARK, Calif., Jan. 16, 2024 /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 a $40 million debt commitment to Blueshift, a San Francisco-based company that helps brands automate and personalize engagement across every marketing channel, using a unique combination of Customer AI & Generative AI.  

Key Points: 
  • The funding will enable Blueshift to expand its sales and marketing operations for its patented AI-powered customer engagement platform.
  • MENLO PARK, Calif., Jan. 16, 2024 /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 a $40 million debt commitment to Blueshift , a San Francisco-based company that helps brands automate and personalize engagement across every marketing channel, using a unique combination of Customer AI & Generative AI.
  • "We are thrilled to partner with Runway Growth Capital," said Vijay Chittoor, Co-Founder and CEO of Blueshift.
  • "We are excited to support Blueshift's innovative approach to marketing automation and customer engagement," said Jeff Goldrich, Managing Director of Technology at Runway.

Rent the Runway to Report Third Quarter 2023 Results on December 5, 2023

Retrieved on: 
Wednesday, November 15, 2023

NEW YORK, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its third quarter 2023 financial results for the quarter ended October 31, 2023 on Tuesday, December 5, 2023, after close of market.

Key Points: 
  • NEW YORK, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its third quarter 2023 financial results for the quarter ended October 31, 2023 on Tuesday, December 5, 2023, after close of market.
  • Rent the Runway will host a conference call and live webcast with the investment community at 4:30p.m.
  • Eastern Time that same day to discuss its results and to provide a business update.
  • The financial results and live webcast, including presentation materials, will be accessible through the Investor Relations section of Rent the Runway’s website at https://investors.renttherunway.com/ under the “Events” section.

Runway Growth Capital Provides a $50 Million Debt Commitment to Linxup

Retrieved on: 
Wednesday, November 22, 2023

MENLO PARK, Calif., Nov. 22, 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 a $50 million debt commitment to Linxup, a U.S.-based GPS tracking, telematics and fleet management provider serving small and mid-size businesses. Runway's debt investment will refinance existing debt and provide additional working capital for Linxup.

Key Points: 
  • MENLO PARK, Calif., Nov. 22, 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 a $50 million debt commitment to Linxup , a U.S.-based GPS tracking, telematics and fleet management provider serving small and mid-size businesses.
  • Runway's debt investment will refinance existing debt and provide additional working capital for Linxup.
  • "We selected Runway because of their flexible working capital and non-dilutive terms to aid our business operations," explained Drew Reynolds, CEO of Linxup.
  • "We will use this debt commitment to execute on our ambitious plan and to accelerate our growth.

Fortune Debuts Power List of 50 AI Innovators

Retrieved on: 
Tuesday, November 21, 2023

NEW YORK, Nov. 21, 2023 /PRNewswire/ -- Today Fortune debuted its inaugural Fortune 50 AI Innovators power list, the essential guide to the companies that are creating this future-defining technology, and a sector now attracting one out of every four startup investment dollars.

Key Points: 
  • Inaugural Fortune 50 AI Innovators includes established players: OpenAI, Anthropic, Google DeepMind, Meta, and Nvidia; and array of emerging players:  Adept, Runway, Pinecone, Exscientia, and ARC
    Representatives of Fortune 50 AI Innovators are attending Fortune's Brainstorm AI conference in San Francisco, Dec 11-12 with founding partner Accenture
    NEW YORK, Nov. 21, 2023 /PRNewswire/ -- Today Fortune debuted its inaugural Fortune 50 AI Innovators power list, the essential guide to the companies that are creating this future-defining technology, and a sector now attracting one out of every four startup investment dollars.
  • For the inaugural Fortune 50 AI Innovators list, Fortune canvassed VCs, industry analysts, and our own formidable staff of AI experts to identify companies that are at the cutting edge.
  • In the Fortune 50 AI list there are plenty of Davids, such as Adept, Runway, Pinecone, Exscientia, and ARC, to name a few.
  • Many on that list will be speaking at or attending the Fortune Brainstorm AI 2023 in San Francisco, December 11-12.

Runway Growth Capital Named in Inc.'s 2023 List of Founder-Friendly Investors

Retrieved on: 
Wednesday, November 1, 2023

MENLO 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.

Key Points: 
  • MENLO 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.
  • "These are the private equity, venture capital, and debt firms that have founders' backs when it comes to accelerating growth."
  • "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.
  • Runway's non-dilutive growth loan provided Madison Reed with needed late-stage growth capital.

Excell Represent 2023: Fostering Growth, Building Community and Driving Impact for Women in Wealth Management

Retrieved on: 
Wednesday, October 18, 2023

While the journey towards equality is gradual, the financial world is making strides with the representation of women in wealth management.

Key Points: 
  • While the journey towards equality is gradual, the financial world is making strides with the representation of women in wealth management.
  • To advance this mission, industry leaders Carson Group , Fidelity Investments , Financial Independence Group and Mariner Wealth Advisors are coming together for the second annual Excell Represent event.
  • Wednesday will also include the Women in Wealth Management Awards ceremony which celebrates the women (and men) making a difference in the profession.
  • Teri Shepherd, President of Carson Group, highlighted the importance of the event's collaborative efforts saying, "Excell Represent embodies the spirit of community, progress and empowerment for women in wealth management.