Runway Growth Capital Announces a Term Loan of $13 Million to Dejero
Deal Welcomes Dejero Back to The Runway Growth Capital Portfolio
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 the close of a term loan commitment of $13 million to Dejero, a telecommunications aggregator of diverse connectivity paths including LTE and 5G cellular, satellite and broadband to deliver enhanced reliability, expanded coverage, and greater bandwidth using cloud-based technology.
The loan welcomes Dejero back to the Runway portfolio and continues the firm’s commitment to their growth.
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“We are pleased to reaffirm our commitment to Dejero, who is a proven and strategic portfolio company for Runway,” said Mark Donnelly, Managing Director, Head of Origination at Runway. “We take great pride in being a flexible, steady partner for all our borrowers. It’s affirming when a strong portfolio company decides to return to Runway for a growth loan. We believe in Dejero’s business and we are excited to continue our support and aid in their maturation and ongoing success.”
“Runway is an enduring partner who intimately understands our business, which has enabled them to mindfully tailor our loan,” said Bobbi Holte, CFO of Dejero. “Coming back to Runway’s was an easy decision. The growth loan infuses incremental capital that will help us continue to grow, diversify our suite of products and services, and make them more readily available to companies who can benefit from network aggregation.”
“We share Dejero’s vision for the networking market and believe they have the potential to be a critical player in the future of 5G and cloud connectivity,” explained Donnelly. “Runway’s takes pride in being able to continue our support for proven, trusted companies like Dejero.”
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