Runway Growth Capital Provides $75 Million Loan to Propel Piano’s Digital Expansion
In a significant move within the financial and technology sectors, Runway Growth Capital LLC has emerged as a key player by securing a $75 million senior secured term loan facility for Piano, the well-regarded leader in digital experience management. This financing, part of a broader $120 million effort that also includes a Series D investment led by Updata Partners, is set to fuel Piano's innovations and market expansion.
Founded in 2010, Piano has pioneered an end-to-end digital platform that empowers enterprises to intuitively understand and engage their customers. By using advanced data architectures that operate with exceptional speed and scale, Piano stands out among its competitors. This enables various brands and publishers to harness its platform in achieving remarkable revenue growth, while ensuring that teams can seamlessly create personalized audience experiences that comply with privacy regulations.
The financial backing from Runway is expected to enable Piano to enhance its existing platform capabilities, broaden its reach in the market, and drive strategic initiatives that will further its growth trajectory. As noted by Jeff Goldrich, Managing Director at Runway, Piano's innovative approach and leadership in the digital management space make it an ideal partner for collaboration.
Operationally headquartered in Philadelphia, PA, with a global footprint that extends to over 15 offices around the world (including major cities like Amsterdam, Paris, and Tokyo), Piano caters to a diverse clientele across six continents, fostering deep relationships with both local and international organizations.
The recognition that Piano has earned over the years, including accolades from respected organizations such as the World Economic Forum and Deloitte, underscores its position as one of the fastest-growing technology companies globally. This achievement reflects the company's commitment to driving digital transformation and delivering exceptional value to its customers.
Trevor Kaufman, CEO of Piano, expressed gratitude for the financial support, highlighting that it provides the resources necessary to uplift their platform and expedite their growth strategy. He noted the alignment between Runway's confidence in Piano's vision and their overall aim to empower businesses with robust tools designed to influence and understand customer behavior effectively.
Adding to the enthusiasm, Ted Cavan, another Managing Director at Runway, praised the technological capabilities that Piano has developed. The versatility and applicability of Piano’s technology across various industry challenges signify a noteworthy achievement in delivering comprehensive solutions.
As Runway Growth Capital continues to support companies looking for alternatives to equity financing, its investment approach highlights the importance of building strong, mutually beneficial partnerships within the fast-evolving technology landscape. By aligning with innovative companies like Piano, Runway aims to bolster the growth of pioneering enterprises and facilitate advancements that will reshape the digital economy.
For those eager to learn more about Runway Growth Capital and its investment strategies, additional information can be accessed at www.runwaygrowth.com. Similarly, details regarding Piano and its offerings are available at www.piano.io. As both companies forge ahead with their respective missions, the future undoubtedly looks bright for their continued success and collaborative growth in the digital space.
Founded in 2010, Piano has pioneered an end-to-end digital platform that empowers enterprises to intuitively understand and engage their customers. By using advanced data architectures that operate with exceptional speed and scale, Piano stands out among its competitors. This enables various brands and publishers to harness its platform in achieving remarkable revenue growth, while ensuring that teams can seamlessly create personalized audience experiences that comply with privacy regulations.
The financial backing from Runway is expected to enable Piano to enhance its existing platform capabilities, broaden its reach in the market, and drive strategic initiatives that will further its growth trajectory. As noted by Jeff Goldrich, Managing Director at Runway, Piano's innovative approach and leadership in the digital management space make it an ideal partner for collaboration.
Operationally headquartered in Philadelphia, PA, with a global footprint that extends to over 15 offices around the world (including major cities like Amsterdam, Paris, and Tokyo), Piano caters to a diverse clientele across six continents, fostering deep relationships with both local and international organizations.
The recognition that Piano has earned over the years, including accolades from respected organizations such as the World Economic Forum and Deloitte, underscores its position as one of the fastest-growing technology companies globally. This achievement reflects the company's commitment to driving digital transformation and delivering exceptional value to its customers.
Trevor Kaufman, CEO of Piano, expressed gratitude for the financial support, highlighting that it provides the resources necessary to uplift their platform and expedite their growth strategy. He noted the alignment between Runway's confidence in Piano's vision and their overall aim to empower businesses with robust tools designed to influence and understand customer behavior effectively.
Adding to the enthusiasm, Ted Cavan, another Managing Director at Runway, praised the technological capabilities that Piano has developed. The versatility and applicability of Piano’s technology across various industry challenges signify a noteworthy achievement in delivering comprehensive solutions.
As Runway Growth Capital continues to support companies looking for alternatives to equity financing, its investment approach highlights the importance of building strong, mutually beneficial partnerships within the fast-evolving technology landscape. By aligning with innovative companies like Piano, Runway aims to bolster the growth of pioneering enterprises and facilitate advancements that will reshape the digital economy.
For those eager to learn more about Runway Growth Capital and its investment strategies, additional information can be accessed at www.runwaygrowth.com. Similarly, details regarding Piano and its offerings are available at www.piano.io. As both companies forge ahead with their respective missions, the future undoubtedly looks bright for their continued success and collaborative growth in the digital space.
Topics Financial Services & Investing）
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