“While much of the economy has been impacted by the COVID-19 outbreak, Runway remains fully committed to its mission of supporting entrepreneurs in building great businesses. Like others in the venture debt and venture capital community, the pandemic has made us reassess our risk tolerance and tighten our lending criteria. A thoughtful and patient approach is needed given the uncertainty surrounding the public health crisis. However, this has not diminished our appetite or capacity to fuel great companies. We have significant dry powder available and are actively seeking lending opportunities across technology, life sciences and consumer industries.”