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Stock impact report

Runway Growth Capital Provides a $40 Million Growth Investment to CarNow [Yahoo! Finance]

Runway Growth Finance Corp. (RWAY) 
Company Research Source: Yahoo! Finance
MENLO PARK, Calif. April 16, 2024 /PRNewswire/ -- 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, announced today a $40 million commitment to CarNow a live-data automotive technology platform that helps dealers elevate the car-buying experience by transforming the way they connect with customers. This strategic investment will support CarNow's continued market expansion and accelerated product development that will enhance the car buying and selling experience. "This investment from Runway Growth Capital is a testament to our team's hard work and dedication, as well as the innovative solutions we've brought to the automotive market," said Tim O'Toole , CFO of CarNow. "With Runway's support, we're poised to accelerate our growth, enhance our product offerings, and continue to disrupt the automotive retail industry. Our mission has always been to simplify the car buyi Show less Read more
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