Runway Growth Capital Supports Swing Education with $20 Million Loan to Tackle Teacher Shortages
On August 7, 2025, Runway Growth Capital LLC announced a significant financial commitment of $20 million to Swing Education, an innovative online platform that connects schools with certified substitute teachers. This funding is designed to support Swing Education's expansion across the United States and address the ongoing demand for qualified educators in K-12 institutions, where teacher shortages have become a pressing issue.
Founded in 2015 and located in the San Francisco Bay Area, Swing Education partners with school districts in major states such as California, Arizona, Texas, Illinois, New York, New Jersey, and Washington D.C. The platform utilizes technology to simplify the hiring and placement of substitute teachers, effectively tackling one of the major challenges faced by educational institutions today.
"Swing Education is critical in alleviating the continuous shortage of educators by creating a seamless connection between schools and high-quality substitute teachers," explained Greg Greifeld, Chief Investment Officer at Runway. He emphasized that the funding provided to Swing Education consists of a first lien term loan along with a revolving credit line, ensuring flexibility in capital access that aligns with the seasonal nature of the education sector.
This investment comes at a crucial time for Swing Education as they strive to extend their services to combat the nationwide teacher shortages that many schools are experiencing. Asha Visweswaran, the CEO of Swing Education, remarked on the importance of Runway's support. "This new investment will enable us to widen our reach and ensure that every classroom has a teacher, and every student has the chance to learn," said Visweswaran.
The strategic financial backing provided by Runway underscores its mission to assist growth-stage companies like Swing Education in achieving their goals through non-dilutive capital options. By focusing on long-term objectives, Runway aims to empower companies that are generating positive impacts within their industries.
For more context, Runway Growth Capital has established itself as a leader in providing loans to both venture-backed and non-venture-backed companies looking for alternatives to equity financing. Their funds, including Runway Growth Finance Corp. (Nasdaq RWAY), are devoted to offering senior term loans that range from $20 million to $150 million to accelerate the growth of innovative firms across North America.
Swing Education has made a significant mark in the educational landscape since its inception, improving how schools can find and retain reliable substitute teachers. Their approach has led to millions of absence days filled, promising a better experience for both schools and substitute teachers alike. As they continue to expand their operations, Swing Education remains dedicated to enhancing student learning and ensuring that education remains a priority despite staffing challenges.
As education systems face unprecedented challenges in coping with teacher shortages, investments like the one from Runway Growth are crucial. They not only inject necessary capital into growing companies but also contribute to the broader goal of creating a supportive and effective educational environment for students nationwide.
To learn more about Runway Growth Capital, visit www.runwaygrowth.com, and for further insights into Swing Education’s operations and mission, please visit www.SwingEducation.com.
Founded in 2015 and located in the San Francisco Bay Area, Swing Education partners with school districts in major states such as California, Arizona, Texas, Illinois, New York, New Jersey, and Washington D.C. The platform utilizes technology to simplify the hiring and placement of substitute teachers, effectively tackling one of the major challenges faced by educational institutions today.
"Swing Education is critical in alleviating the continuous shortage of educators by creating a seamless connection between schools and high-quality substitute teachers," explained Greg Greifeld, Chief Investment Officer at Runway. He emphasized that the funding provided to Swing Education consists of a first lien term loan along with a revolving credit line, ensuring flexibility in capital access that aligns with the seasonal nature of the education sector.
This investment comes at a crucial time for Swing Education as they strive to extend their services to combat the nationwide teacher shortages that many schools are experiencing. Asha Visweswaran, the CEO of Swing Education, remarked on the importance of Runway's support. "This new investment will enable us to widen our reach and ensure that every classroom has a teacher, and every student has the chance to learn," said Visweswaran.
The strategic financial backing provided by Runway underscores its mission to assist growth-stage companies like Swing Education in achieving their goals through non-dilutive capital options. By focusing on long-term objectives, Runway aims to empower companies that are generating positive impacts within their industries.
For more context, Runway Growth Capital has established itself as a leader in providing loans to both venture-backed and non-venture-backed companies looking for alternatives to equity financing. Their funds, including Runway Growth Finance Corp. (Nasdaq RWAY), are devoted to offering senior term loans that range from $20 million to $150 million to accelerate the growth of innovative firms across North America.
Swing Education has made a significant mark in the educational landscape since its inception, improving how schools can find and retain reliable substitute teachers. Their approach has led to millions of absence days filled, promising a better experience for both schools and substitute teachers alike. As they continue to expand their operations, Swing Education remains dedicated to enhancing student learning and ensuring that education remains a priority despite staffing challenges.
As education systems face unprecedented challenges in coping with teacher shortages, investments like the one from Runway Growth are crucial. They not only inject necessary capital into growing companies but also contribute to the broader goal of creating a supportive and effective educational environment for students nationwide.
To learn more about Runway Growth Capital, visit www.runwaygrowth.com, and for further insights into Swing Education’s operations and mission, please visit www.SwingEducation.com.
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