Runway Growth Capital Leads $75M Loan Facility in $120M Financing for Piano

What's Happening: Runway Growth Capital LLC is leading a $75 million senior secured term loan facility as part of a $120 million financing package for Piano, a global leader in digital experience management. The financing includes an additional $45 million Series D investment led by Updata Partners. This capital injection will enable Piano to enhance its platform capabilities, expand its market presence, and support strategic growth initiatives.

The Key Moves:

• Runway Growth Capital leads $75M loan facility for Piano

• Updata Partners leads $45M Series D investment in Piano

• Total financing package for Piano amounts to $120M

By The Numbers :

• Piano's total financing: $120 million

• Runway Growth Capital's loan facility: $75 million

• Updata Partners' Series D investment: $45 million

Key Quotes:

• "Piano's innovative approach to digital experience management and its market leadership position makes it an ideal partner for Runway," said Jeff Goldrich, Managing Director at Runway.

• "This financing from Runway Growth Capital provides us with the resources to further enhance our platform and accelerate our growth strategy," said Trevor Kaufman, CEO of Piano.

• "The range of industries and business problems Piano is able to address with its technology is incredibly impressive," added Ted Cavan, Managing Director at Runway Growth Capital.

The Bottom Line: The $120 million financing, led by Runway Growth Capital and Updata Partners, positions Piano for significant growth and expansion in the digital experience management sector. This investment underscores the confidence in Piano's innovative technology and market leadership, potentially reshaping the landscape of customer journey orchestration and advanced analytics.

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