Runway Progress Capital Supplies $23 Million Progress Funding to Snap! Cellular By Investing.com

The funding will allow Snap! Cellular to cement its market management place and broaden its attain to assist extra colleges and organizations in want of efficient fundraising options.

MENLO PARK, Calif., Nov. 13, 2024 /PRNewswire/ —  Runway Progress Capital LLC  (“Runway”), a number one supplier of development loans to each enterprise and non-venture-backed corporations searching for a substitute for elevating fairness, introduced as we speak a $23 million development capital dedication to Snap! Cellular (“Snap!”), a number one fundraising platform for colleges and organizations to assist their sports activities groups, teams, and golf equipment. The funding will allow Snap! to broaden its progressive digital platform and empower extra organizations to boost important funds for highschool athletics and different extracurricular actions.

“We’re thrilled to partner with Snap! to support their continued growth and help scale their impact on schools’ sports teams and clubs across the country,” stated Jeff Goldrich, Managing Director at Runway. “Their platform and leadership team have transformed fundraising by making it safer and easier for communities nationwide to rally behind students and supplement budget shortfalls with private funding. We’re confident in Snap!’s ability to expand their reach, helping to deliver even more opportunities to more students, with this investment.”

Snap! has emerged as a market chief within the digital fundraising area, offering progressive options to college students and organizations to assist meet their monetary wants safely and effectively. So far, Snap! has  helped increase over $900M for 125,000+ teams and groups, throughout 12.5M+ individuals and donors. Past fundraising, Snap! additionally supplies a full suite of software program options to assist handle the day-to-day wants of athletic administrators, coaches, and different leaders, from account disbursements to scheduling, inside and exterior communications, fan engagement, and the crew retailer. With a powerful deal with supporting college students, Snap! continues to develop seamless methods to foster group engagement whereas prioritizing the success of scholars and athletes.

“We’re incredibly grateful for Runway’s support and belief in our mission,” stated Cole Morgan, CEO of Snap! Cellular. “This new capital will allow us to enhance our platform, broaden our customer base, and drive forward our vision of ensuring that every young person has access to the athletics and activities that are so crucial to their development.”

Runway’s funding underscores its dedication to backing high-growth corporations with versatile financing options, enabling them to scale with minimal dilution.

About Runway Progress Capital LLC
Runway Progress Capital LLC is the funding adviser to funding funds, together with Runway Progress Finance Corp. (Nasdaq: NASDAQ:), a enterprise improvement firm, and different non-public funds, that are lenders of development capital to corporations searching for a substitute for elevating fairness. Led by trade veteran David Spreng, these funds present senior time period loans of a goal of $30 million to $150 million to fast-growing corporations based mostly in the US and Canada. For extra data on Runway Progress Capital LLC and its platform, please go to www.runwaygrowth.com.

About Snap! Cellular, Inc.
Snap! Cellular has been proudly supporting applications across the nation with easy and reliable providers since 2014. Snap! Increase has raised $900 million {dollars} for over 125,000 teams and groups by way of over 12.5 million individuals and donors. Along with the Snap! Increase fundraising resolution, Snap! Cellular additional helps colleges, teams, and groups with its different manufacturers and merchandise: Snap! Spend (clear cash administration resolution), Snap! Retailer (spirit put on), FanX, and Snap! Handle (built-in scheduling, communication, and registration resolution). For extra data on Snap!, go to snapraise.com.

Ahead-Wanting Statements
Statements included herein might represent “forward-looking statements” inside the that means of the Non-public Securities Litigation Reform Act of 1995. Statements apart from statements of historic info included on this press launch might represent forward-looking statements and are usually not ensures of future efficiency, situation, or outcomes and contain quite a lot of dangers and uncertainties. Precise outcomes might differ materially from these within the forward-looking statements on account of quite a lot of elements, together with these described once in a while in Runway’s filings with the Securities and Change Fee. Runway undertakes no responsibility to replace any forward-looking assertion made herein. All forward-looking statements communicate solely as of the date of this press launch.