Runway Growth Capital, a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, announced today a $20 million growth capital commitment to Elevate, a leading provider of consulting, technology, and services for law departments and law firms. The investment upsizes the previous $40 million senior secured term loan provided by Runway in 2023.

Elevate is an expert-led, software-powered law company. Elevate provides software and services for the intersection of business and law. Elevate's legal, business, and technology professionals offer practical ways for global law departments and law firms to improve efficiency, quality, and business outcomes.