Runway Growth Capital Leads $75 Million Loan Facility as Part of $120 Million Financing for Piano

Core Insights - Runway Growth Capital LLC has announced a $75 million senior secured term loan as part of a$120 million financing package for Piano, a leader in digital experience management [1] - The financing includes a $45 million Series D investment led by Updata Partners, aimed at enhancing Piano's platform capabilities and market presence [1] - Piano's platform allows enterprises to quickly identify and serve customers, leveraging unique data architectures for faster performance compared to competitors [2] Company Overview - Founded in 2010, Piano provides an end-to-end platform that helps brands and publishers achieve revenue growth while ensuring privacy compliance [2] - Piano operates globally with headquarters in Philadelphia and over 15 offices worldwide, serving a diverse client base across six continents [3] - The company has been recognized as one of the fastest-growing technology firms by organizations such as Red Herring and Deloitte [3] Strategic Importance - The partnership with Runway Growth Capital is seen as a strategic move to support Piano's growth and commitment to delivering innovative solutions [4] - Piano's technology addresses a wide range of industries and business challenges, showcasing its industry-leading capabilities [4] - The financing will enable Piano to further enhance its platform and accelerate its growth strategy, empowering businesses to understand customer behavior [4]