Runway Growth Capital closed a senior secured term loan of $40 million to Elevate Services, Inc., a global law company providing software and services to law departments of over ten percent of the Global 1000 and more than half of the Global 100 law firms.
 
Runway's term loan will refinance existing debt and provide additional working capital for Elevate's expert-led, software-powered solutions, which include legal operations software, strategy, operational, and technology consulting, flexible legal staffing and practicing lawyers, contract management, compliance, e-discovery and document review, data breach response, medical economic damages litigation support, and legal spend management and invoice review.

"We are thrilled to join forces with such a dynamic company at the intersection of business and law," said Brad Pritchard, Managing Director of Technology at Runway. "Elevate is modernizing the legal sector with powerful and practical tools that improve efficiency, work output, and ultimately customer outcomes. We are excited to partner with them on their next phase of growth."

"We selected Runway because of their track record partnering with management teams to build great companies," said Liam Brown, Elevate's Founder, Chairman, and CEO. "That showed up in the way their team worked to understand our business to deliver ideal terms for capital to execute on the next stage of our strategy."

Founded in 2012, Elevate's global workforce of almost 2,000 professionals provide multi-language services from the US, the UK, India, the Philippines, Poland, Australia, Switzerland, Singapore, and Hong Kong.