2020 Venture Debt ReviewDOWNLOAD NOW Runway Growth Capital Announces the Close of Senior Secured Term Loan of $65 Million to Marley Spoon AG RUNWAY GROWTH CAPITAL AUGUST 17, 2021 Categories: Press Releases WOODSIDE, California, August 17, 2021 – Runway Growth Capital LLC (“Runway”), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan commitment of $65 million to Marley Spoon AG (“Marley Spoon”), a global direct-to-consumer company that provides quality meal-kits in an appealing and sustainable manner. Commitments were provided by investment vehicles comprising Runway’s venture debt platform. The Marley Spoon deal marks another investment for the expanding Runway venture debt portfolio, which seeks to capitalize on a growing market opportunity in which larger, more established businesses are seeking debt financing in order to avoid dilution and additional equity rounds. The Runway venture debt platform, inclusive of the Runway BDC and private funds, provides loans to late-stage venture-backed, non-sponsored, and public companies in life sciences, technology, and other high-growth sectors. Marley Spoon is a global provider of subscription-based meal kits under two brands: Marley Spoon (“Martha Stewart & Marley Spoon” in the U.S.) and “Dinnerly”, a low-cost meal kit. The company was founded in 2014 and is headquartered in Berlin, Germany with additional offices and operations in the U.S., Australia, and Europe. Marley Spoon, which went public on the Australian Stock Exchange in July 2018, sought capital from Runway to help fund its growth initiative investments. “Marley Spoon is a well-established brand in the direct-to-consumer meal kit space, and we are excited to have this investment as part of the Runway growth finance portfolio,” said David Spreng, CEO of Runway Growth Capital. “Supporting a company that is this far along in their growth story, with a relatively complex business, demonstrated our ability to underwrite creatively and led to a beneficial deal for both parties.” “Runway Growth Capital was founded with the mission of supporting passionate entrepreneurs in building great businesses by lending capital to companies looking to fund growth with minimal dilution,” said Spreng. About Runway Growth Capital LLC Runway Growth Capital LLC is the investment advisor to investment funds, including Runway Growth Credit Fund Inc., a non-listed business development company. 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, Canada and Western Europe. 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. December 7, 2020 Runway Growth Capital Announces a Senior Secured Term Loan of $40 Million to FiscalNote Read More April 13, 2021 Runway Growth Capital Provides $20 Million to Bombora Read More April 6, 2021 Runway Growth Capital Announces a Senior Secured Term Loan of $25 Million to Allurion Technologies Read More Insights To Go Sign up to receive our quarterly newsletter plus industry news and insights. SUBSCRIBE CONNECT LinkedIn LOCATIONS Silicon Valley Connect Directions Chicago Connect Directions New York City Connect Directions San Diego Connect Directions LEARN MORE About Team Borrowers Investors Success Stories Insights Contact INSIGHTS Runway Growth Capital LLC Expands Life Sciences Origination Team with Appointment of Silicon Valley Bank Veteran, Igor DaCruz Read More Runway Growth Capital Announces the Close of Senior Secured Term Loan of $65 Million to Marley Spoon AG Read More Copyright 2021 Runway Growth Capital. All Rights Reserved.