Healthcare firm SetPoint Medical grabs $65m loan facility from Runway

The financing will be used to back SetPoint Medical's strategy and plans.

  • Runway is a provider of growth loans to both venture and non-venture backed companies
  • Runway is led by David Spreng
  • Runway provides senior term loans of $10 million to $100 million to companies in the U.S. and Canada

Runway Growth Capital has provided a loan facility of up to $65 million to SetPoint Medical, a healthcare company focused on treating patients with chronic autoimmune diseeases.

The financing will be used to back SetPoint Medical’s strategy and plans.

“We are excited to support SetPoint Medical and partner with such a forward-thinking company in the chronic autoimmune disease space,” said Igor DaCruz, managing director, life sciences, Runway Growth Capital, in a statement. “Runway believes the SetPoint Medical team is well positioned to improve the lives of patients and their families, who in many cases may have exhausted their biologic options for relief.”

Runway is a provider of growth loans to both venture and non-venture backed companies.

Led by industry veteran David Spreng, Runway provides senior term loans of $10 million to $100 million to companies in the U.S. and Canada.