Runway Growth Capital Appoints Rachel Goldstein as Senior Vice President of Growth at the Firm

Rhea-AI Summary

Runway Growth Capital LLC has appointed Rachel Goldstein as Senior Vice President of Growth, aimed at enhancing deal flow and operational efficiency. Reporting to Mark Donnelly, Goldstein's role focuses on improving the sales funnel and implementing best practices to streamline origination efforts. With her prior experience at Lighter Capital, where she led significant growth in capital deployment, she is expected to leverage her skills to connect growth-stage companies with suitable capital sources. This strategic appointment is part of Runway's mission to support passionate entrepreneurs.

Positive

• Rachel Goldstein's appointment is expected to enhance the deal pipeline, improving overall operational efficiency.
• Goldstein's experience at Lighter Capital, where she achieved 10x growth in capital deployed, may positively impact Runway's lending strategies.

Negative

• Concerns about continuity and experience gaps with new leadership in a pivotal role.

WOODSIDE, Calif., Feb. 10, 2022 /PRNewswire/ -- Runway Growth Capital LLC ("Runway" or the "Company"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced that it has hired Rachel Goldstein as Senior Vice President of Growth to improve the quantity and quality of deal flow. She will report to Mark Donnelly, Managing Director and Head of Origination at Runway.

In this newly created role, Ms. Goldstein will be charged with growing the deal pipeline and implementing operational best practices to ensure the firm's origination efforts are more streamlined to reach the right borrowers at the right time. 

"Rachel's understanding of growth methodologies and how to maximize deal flow from her time at Lighter Capital uniquely qualifies her to lead Runway's effort to enhance our pipeline, improve the sales funnel, and replicate best practices across the firm," said Donnelly. "Her experience with alternative lending and acumen for understanding and efficiently building audiences, will be integral to advancing Runway's mission to support passionate entrepreneurs in building great businesses."

"Runway's unique position in the market coupled with my experience connecting growth-stage entrepreneurs to an aligned capital source makes for a perfect opportunity to leverage tried-and-true strategies to upmarket borrowers," said Goldstein. "Runway's focus on late and growth-stage companies and ability to structure more complex, larger deals is particularly appealing. I have deep experience sourcing the right type of deal flow opportunities from technology, life sciences, and consumer businesses."

Ms. Goldstein previously led marketing and operations at Lighter Capital, a leading revenue-based financing firm focused on early-stage SaaS and technology companies. During her five year tenure, she was responsible for 10x growth in capital deployed and the creation of Lighter's partner and ecosystem engine. Additionally, Ms. Goldstein was the Senior Vice President of Operations at Banzai, where she worked with leaders to drive revenue through engagement marketing solutions. Ms. Goldstein holds a bachelor's degree in Marketing with a concentration in International Business from Pennsylvania State University.

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 industry veteran David Spreng, these funds provide senior term loans of $10 million to $75 million to fast-growing companies based in the United States and Canada. For more information on Runway Growth Capital LLC and its platform, please visit our website at www.runwaygrowth.com.

Forward-Looking Statements
Statements included herein 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 are not guarantees of future performance, condition, or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Runway Growth's filings with the Securities and Exchange Commission. Runway Growth undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/runway-growth-capital-appoints-rachel-goldstein-as-senior-vice-president-of-growth-at-the-firm-301479341.html

SOURCE Runway Growth Capital LLC

FAQ

Who is Rachel Goldstein at Runway Growth Capital?

Rachel Goldstein is the newly appointed Senior Vice President of Growth at Runway Growth Capital, responsible for enhancing deal flow.

What is Rachel Goldstein's background?

Goldstein has previously worked at Lighter Capital, where she led significant growth in capital deployment and operational strategies.

What are the responsibilities of the Senior Vice President of Growth?

The role focuses on growing the deal pipeline, implementing operational best practices, and improving the sales funnel for better origination efforts.

How might Goldstein's appointment affect Runway Growth Capital's business?

Her experience could improve the effectiveness of lending to growth-stage companies and streamline operational processes.