TLDR:
- Runway Growth Capital provides an additional $20 million growth investment to Elevate.
- The funding will support Elevate’s growth and innovation in legal software and services.
Runway Growth Capital LLC has announced a $20 million growth capital commitment to Elevate, a leading provider of consulting, technology, and services for law departments and law firms. This investment builds on a previous commitment of $40 million provided by Runway in 2023 and will enable Elevate to continue its growth and innovation in the legal industry. The funding comes in the form of a senior secured term loan and reflects Runway’s commitment to supporting the long-term growth of its portfolio companies.
Elevate is recognized as a fast-growing innovation leader in the legal industry, and this investment from Runway further solidifies their partnership. The CEO of Elevate, Liam Brown, expressed appreciation for Runway’s belief in their vision and stated that the funding will enable them to pursue inorganic growth opportunities. Runway’s Managing Director, Brad Pritchard, emphasized the importance of supporting high-quality, late-stage companies like Elevate that are poised for significant growth.
Runway Growth Capital LLC, led by industry veteran David Spreng, is known for providing growth capital to companies seeking an alternative to raising equity. Their funds offer senior term loans ranging from $10 million to $75 million to fast-growing companies in the United States and Canada. Elevate, on the other hand, is an expert-led, software-powered law company that focuses on providing practical solutions for global law departments and law firms to improve efficiency, quality, and business outcomes.
