Runway Growth Capital Announces $75 Million Credit Facility with Brivo Systems

Runway’s growth capital will allow Brivo to continue to drive transformative growth

WOODSIDE, Calif., November 8, 2022 /PRNewswire/ — Trail Growth Capital LLC (“Runway”), a leading provider of business growth loans backed by venture capitalists and not looking for an alternative to raising equity, today announced the closing a long-term senior secured credit facility of $75 million to Brivo Systems LLC (“Brivo”), a leading provider of cloud-based access control and smart building technologies. Brivo will use the capital to continue to grow its successful ecosystem of access control solutions that are the foundation of PropTech and widely deployed through security integration partners around the world.

Brivo Access, the company’s SaaS-based enterprise platform, enables property owners and managers to view, monitor and analyze security events and occupancy trends for all assets in their portfolio. It also enhances the experience of building occupants, vendors and guests through contactless opening of doors using wirelessly distributed mobile phone-based digital credentials. Comprehensive platform features include access control, data analytics, AI-based anomaly detection, mobile credentials, identity management, workflow automation APIs work, video surveillance and the management of visitors and deliveries.

“We are thrilled to support Brivo and its continued success by providing a comprehensive technology platform for business access and space management,” said Jeff Goldrich, Managing Director, Technology at Runway. “Brivo has demonstrated remarkably consistent organic growth, which is a testament to both its product and its management team. This agreement represents an opportunity for Runway to partner with an innovative and industry-leading company in the growing PropTech sector.

“We chose Runway because they were able to provide a flexible, customized package that met all of our needs,” explained Steve VanTill, Founder and CEO of Brivo. “We know from working with the team that Runway will be a great growth partner for us.”

About Runway Growth Capital LLC

Runway Growth Capital LLC is the investment advisor to investment funds, including Runway Growth Finance Corp. (Nasdaq: RWAY), a business development company, and other private funds, which are lenders of growth capital to companies seeking an alternative to raising equity. Led by an industry veteran David Sprengthese funds provide senior term loans $10 million at $75 million fast-growing companies based in United States and Canada. For more information about Runway Growth Capital LLC and its platform, please visit our website at www.runwaygrowth.com.

Forward-looking statements

Statements included in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and do not constitute are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to a number of factors, including those described from time to time in Runway Growth’s filings with the Securities and Exchange Commission. Runway Growth assumes no obligation to update any forward-looking statements made herein. All forward-looking statements speak only as of the date of this press release.

About Brivo

Brivo, Inc., created the category of cloud-based smart space and access control technologies over 20 years ago and remains the global leader in commercial real estate, multi-family residential and large distributed enterprise services. The company’s comprehensive product ecosystem and open API provide businesses with powerful digital tools to increase security automation, enhance the employee and tenant experience, and improve security for all people and businesses. all assets in the built environment. Brivo’s Building Access Platform is now the digital foundation for the world’s largest set of customer facilities, spanning over 300 million square feet in 42 countries. Learn more about www.Brivo.com.

SOURCE Runway Growth Capital LLC

About Miley Sawngett

Check Also

It’s the most effervescent Black Friday, with many offers of bank loans and installments for purchases in Romania and abroad

Black Friday 2022 is the biggest and most effervescent edition since the concept appeared in …