Runway Growth Capital, a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced its role as the lead lender in a $75 million senior secured term loan facility that is part of a $120 million financing to Piano, a global leader in digital experience management, customer journey orchestration, and advanced analytics. The financing also includes a $45 million Series D investment led by Updata Partners, a Washington, D.C.-based growth equity firm focused on technology. This capital will enable Piano to optimize its platform, expand its market presence, and support strategic growth initiatives.

Piano is a leading digital experience platform that empowers organizations to understand and influence customer behavior by putting the power of data and logic into the hands of their employees. Piano's end-to-end platform leverages data, artificial intelligence, and commerce features to help brands and publishers achieve revenue growth while enabling teams to launch relevant audience experiences. With a global presence and a diverse client base, Piano has been recognized as one of the fastest-growing, innovative technology companies worldwide.